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ase Requirement 1. Fill in the missing amounts. Begin by completing the income statement. Sales Dolphin Company Income Statement For the Year Ended December 31,
ase Requirement 1. Fill in the missing amounts. Begin by completing the income statement. Sales Dolphin Company Income Statement For the Year Ended December 31, 2012 Cost of goods sold Gross profit on sales $ 525,000 285,000 Fill in the missing amounts (indicated with question marks) on ase 45.000 Administrative expenses Operating income 10,000 Interest expense 92,000 Income tax expense Net income Requirement Fill in the missing amounts (indicated with question marks). NOW I In the missing amounts on the balance sheet Dolphin Company Balance Sheet At December 31, 2012 Cash Accounts payable S 12,900 Accounts receivable 12.700 Note payable 9.600 Inventory Equipment 48,000 978,000 Contributed capital 690,000 Retained earnings $ 1,133,700 Total Total 27
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