AutoSave OFF A AVG ... w unsure Home Insert Draw Design Layout References Mailings Review View ? Tell me Share Comments Times New... v 12 A A Aa Ap EVENEVENT AaBbCcDdEe AaBbCcDdEe AaBbCcDc AaBbCcDdEE AaBb( , Paste BIUvab X X |A DAY Norma No Spacing Heading 1 Heading 2 Title Styles Dictate Sensitivity Editor Pane Shocker corporation Balance sheet Year 2 December 31 January 1 Cash $15,200 15,200 Account receivable 46,280 36,900 Inventory 32,100 36,000 Equipment (net) 56,800 65,900 Total 150,380 EA 15,400 Accounts payable 25,600 28,200 Dividends payable 7,400 3,500 Long term note payable 13,900 13,900 Capital stock, 5$ par 72,400 72,400 Retained earnings 31,080 36,000 Total $ 150,380 $ 154,000 Shocker Corporation Income Statement For the year ended year 2 Sales $ 228,400 Cost of goods sold 137,500 Gross profit on sales 90,900 Operating expenses 75,828 Operating income EA 15,072 Interest expense and income taxes 8.900 Net income 6, 172 All sales were made on account. Cash dividends declared during the year totaled $11,092. Shocker Corporation's earnings per share for Year 2, rounded to the nearest cent, is: 0.43 0.58 0. 14 0.10 Page 3 of 7 923 words X English (United States) Focus E + 140%