$150,000 3,700,000 30,000 Income Statement data: Advertising expense Cost of merchandise sold Delivery expense Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Gain on sale of investments Income from Pinkberry Co. investment 30,000 100,000 4.980 76,800 Income tax expense 142,000 Interest expense 21,000 Interest revenue 8,720 7,500 14,000 Miscellaneous administrative expense Miscellaneous selling expense Office rent expense Office salaries expense Office supplies expense 50,000 170,000 10,000 Sales 5,254,000 185,000 Sales commissions expense Sales salaries expense 385,000 Store supplies expense 21,000 $194,300 545,000 1,580,000 4,126,000 8,450 260,130 500,000 246,000 2,000,000 Retained earnings and balance sheet data: Accounts payable Accounts receivable Accumulated depreciation office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts Available-for-sale investments (at cost) Bonds payable, 5%, due in 10 years Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends: Cash dividends for common stock Cash dividends for preferred stock Goodwill Income tax payable Interest receivable Investment in Pinkberry Co. stock (equity method) Investment in Dream Inc. bonds (long term) Merchandise inventory (December 31, 2015), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock 155,120 100,000 500,000 44,000 1,125 1,009,300 90,000 778,000 4,320,000 13,000 886,800 150,000 1,600,000 19,000 27,400 Excess of issue price over par-common stock Excess of issue price over par--preferred stock Preferred $1 stock, 580 par (30,000 shares authorized; 20,000 shares issued) Premium on bonds payable Prepaid expenses Retained earnings, January 1, 2045 Store buildings and equipment Treasury stock (5,400 shares of common stock at cost of $33 per share) Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments 9,319,725 12,560,000 178,200 (6,500) (6,500) Equinox Products Inc. Income Statement For the Year Ended December 31, 2045 1 Sales 2 Cost of merchandise sold 3 Gross profit + Operating expenses: Selling expenses: Sales salaries expense sales commission 5 6 7 8 10 11 advertising expesne depreciation expense Delivery expense store supplies Other revenue and expenses 13 Administrative expenses: office salaries 12 14 15 office rent 16 depreciation 17 18 19 20 21 (Label) 22 23 24 25 26 27 28 29 Earnings per common share 30 Net income Equinox Products Inc. Retained Earnings Statement (Label) 1 2 3 (Label) 4 5 6 7 Equinox Products Inc. Balance Sheet (Label) 1 Assets 2 (Label) 3 4 5 7 9 10 11 12 (Label) 13 14 15 (Label) 16 17 18 19 20 21 (Label) 22 23 24 Liabilities 25 (Label) 26 27 28 29 (Label) 30 31 32 33 Stockholders' Equity 34 (Label) 35 36 37 38 39 40 41 42 43 44 45 46 Labels Current assets Current liabilities December 31, 2045 Dividends For the Year Ended December 31, 2045 Intangible assets Investments Long-term liabilities Operating expenses Other revenue and expenses Paid-in capital Property, plant, and equipment Amount Descriptions Available-for-sale investments Bonds payable Common stock Decrease in retained earnings From sale of treasury stock Gross profit Investment in Pinkberry Co. stock Investment in Dream Inc. bonds Income before income tax Income from operations Increase in retained earnings Merchandise inventory, at lower of cost (FIFO) or market Net income Net loss Preferred stock Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Retained earnings, January 1, 2045 Retained earnings, December 31, 2015 Treasury common stock Total administrative expenses Total Total assets Total current assets Total current liabilities Total liabilities Total liabilities and stockholders' equity Total long-term liabilities Total investments Total operating expenses Total paid-in capital Total property, plant, and equipment Total selling expenses Total stockholders' equity