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$ 91,100 4,500 300 12,000 $ TUTORS FOR RENT LIMITED ADJUSTED TRIAL BALANCE DECEMBER 31, 2013 Cash Accounts receivable Supplies Equipment Accumulated depreciation: equipment Accounts

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$ 91,100 4,500 300 12,000 $ TUTORS FOR RENT LIMITED ADJUSTED TRIAL BALANCE DECEMBER 31, 2013 Cash Accounts receivable Supplies Equipment Accumulated depreciation: equipment Accounts payable Income taxes payable Share Capital Retained earnings Dividends Tutoring revenue earned Salary expense Supply expense Advertising expense Depreciation expense: equipment Income taxes expense 5,000 1,500 3,500 25,000 45,000 2,000 96,000 52,000 1,200 300 1,000 11,600 $ 176,000 $ 176,000 a-1. Prepare an income statement for the year ended December 31, 2013. (Input all amounts as positive values. Omit the "$" sign in your response.) TUTORS FOR RENT LIMITED Income Statement For the Year Ended December 31, 2013 Revenue: (Click to select) Expenses: (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) a-2. Prepare a statement of changes in equity for the year ended December 31, 2013. (Input all amounts as positive values. Omit the "$" sign in your response.) TUTORS FOR RENT LIMITED Statement of Changes in Equity For the Year Ended December 31, 2013 (Click to select) (Click to select) (Click to select) (Click to select) a-3. Prepare the company's statement of financial position dated December 31, 2013. (Be sure to list the assets and liabilities in order of their liquidity. Input all amounts as positive values. Omit the "$" sign in your response.) TUTORS FOR RENT LIMITED Statement of Financial Position December 31, 2013 Assets (Click to select) (Click to select) (Click to select) (Click to select) (Click to select) Total Assets Liabilities (Click to select) (Click to select) Total Liabilities Shareholders' Equity (Click to select) (Click to select) Total Stockholders' Equity Total Liabilities and Shareholders' Equity b. Does the company appear to be liquid? O Yes c. Has the company been profitable in the past? Yes O No

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