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Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues Total
Analytics Corporation was organized on January 1, current year. At the end of the current year, the following financial data are available: Total revenues Total expenses (excluding income taxes) Income tax expense (all unpaid as of December 31) Cash Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) Payables to suppliers for merchandise purchased from them (will be paid during the following year) Common stock $308,000 189,000 39,500 74,150 39,500 101,600 34,450 61,800 No dividends were declared or paid during the first year. Required: Complete the following two statements: Complete this question by entering your answers in the tabs below. Income Statement Balance sheet Complete the following statements: Complete this question by entering your answers in the tabs below. Income Statement Balance sheet Complete the following statements: ANALYTICS CORPORATION Income Statement Total revenues Less: Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income Complete this question by entering your answers in the tabs below. Income Statement Balance sheet Complete the following statements: ANALYTICS CORPORATION Balance Sheet Assets Cash Receivables from customers Merchandise inventory Total assets Liabilities Payables to suppliers Income taxes payable Total liabilities Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity
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