#8

ds HOT rate of 40% for 2014.12.2012 MESOHET 8. Balance sheet. Complete the balance sheet. Hint: Find the accumulated depreciation for 2014 first. ASSETS $ 12,000 $ 24,000 $162,000 Cash Accounts receivable Inventories Fixed assets Accumulated depreciation Intangible assets Partial Balance Sheet 12/31/2014 LIABILITIES $ 26,000 Notes payable $ 19,000 Accounts payable $ 53,000 Long-term debt $448,000 OWNERS' EQUITY Retained earnings Common stock $ 82,000 $180,000 sold of $35, ciation expense of $7,600,000, and a tax rate ol For Problems 7 through 14, use the data from the following financial statements: Partial Income Statement Year Ending 2014 $350,000 Sales revenue Cost of goods sold $ 140,000 Fixed costs $ 43,000 Selling, general, and administrative expenses Depreciation $ 28,000 $ 46,000