1 Problem 12-3A Name 3 Section: Score: g Key Code Instructions 9 Answers are entered in the cells with gray backgrounds. 10 Cells with non-gray backgrounds are protected and cannot be edited. 11 An asterisk ( will appear to the right of an incorrect entry 13 14 1. 15 16 17 18 19 20 21 LAMBERT AND YOST Income Statement For the Year Ended December 31, 2016 Professional fees Operating expenses: Salary expense Depreciation expense - building Property tax expense Heating and lighting expense Supplies expense Depreciation expense-office equipment Miscellaneous expense 24 25 Total operating expenses Net income Lambert Yost Total 31 Division of net income: Salary allowance Interest allowance Remaining income 35 Net income 36 37 39 0 LAMBERT AND YOST Statement of Partnership Equity For the Year Ended December 31, 2016 12 Yost Total Capital, January 1, 2016 Additional investment during the year Subtotal Net income for the year Subtotal Withdrawals during the year Capital, December 31. 2016 14 5 8 0