Background Information: Wynn Wholesale Distributors, Inc. was formed in 200S to serve as a drop-shipper for regional electronics retailers. It has acquired and sold many assets and has several investments. Its customers include service based businesses who repair and install high-end electronics. Since WWD also has a retailer's license for walk-in customers, it will sometimes collect sales tax from its customers who only provide installation and setup services. The company's fiscal year ends on January 31. and it uses the straight-line deprecation method for all of its depreciable assets. The following is a partial list of some of its accounts: Stock Information: Balance $150,000 Account Preferred Stock 7%, $100 par, cumulative, 2,000 shares authorized. I,500 shares issued Preferred Stock Subscribed Paid-in Capital in Excess of Par-Preferred Common Stock: $10 stated value, 35,000 shares authorized, 16,000 shares issued Common Stock Subscribed: 2,000 shares Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Retained Tre Paid-in Capital from Sale of T 30,000 180,000 20,000 100,000 290,433 Stock Stock In addition to the aforementioned accounts, WWD has the following subsidiary accounts: Suppliers: Dell (Alienware Selling Price Cost Terms $3,000.00 2,400.00 115.net/30 2,000.00 1,700,00 120.net/30 900.00720.002/10.net/30 office HP (home systems) Customers: DATA CPUs El Medio C Terms /10.n 30 10.n 30 Walk-in Customers discount Other Information: FIT rate SIT rate FICA rate 1 596 5% 7.65% FUTA rate SUTA rate Sales tax rate 0.8% 55% 7.5% Background Information: Wynn Wholesale Distributors, Inc. was formed in 200S to serve as a drop-shipper for regional electronics retailers. It has acquired and sold many assets and has several investments. Its customers include service based businesses who repair and install high-end electronics. Since WWD also has a retailer's license for walk-in customers, it will sometimes collect sales tax from its customers who only provide installation and setup services. The company's fiscal year ends on January 31. and it uses the straight-line deprecation method for all of its depreciable assets. The following is a partial list of some of its accounts: Stock Information: Balance $150,000 Account Preferred Stock 7%, $100 par, cumulative, 2,000 shares authorized. I,500 shares issued Preferred Stock Subscribed Paid-in Capital in Excess of Par-Preferred Common Stock: $10 stated value, 35,000 shares authorized, 16,000 shares issued Common Stock Subscribed: 2,000 shares Common Stock Dividends Distributable Paid-in Capital in Excess of Stated Value-Common Retained Tre Paid-in Capital from Sale of T 30,000 180,000 20,000 100,000 290,433 Stock Stock In addition to the aforementioned accounts, WWD has the following subsidiary accounts: Suppliers: Dell (Alienware Selling Price Cost Terms $3,000.00 2,400.00 115.net/30 2,000.00 1,700,00 120.net/30 900.00720.002/10.net/30 office HP (home systems) Customers: DATA CPUs El Medio C Terms /10.n 30 10.n 30 Walk-in Customers discount Other Information: FIT rate SIT rate FICA rate 1 596 5% 7.65% FUTA rate SUTA rate Sales tax rate 0.8% 55% 7.5%