Below are select pretax account balances of Cabalt Company on December 31, 2019 Require Prepare a multiple step income statement for the year, include a separate schedule for cost of goods sold Assume an income tax rate of 30 Purhases (net) $25,000 merchandise inventory, 1 1 20 4,000 extra ordinary gain 13,000 Income from operations of discontinued component 2,000 Loss on disposal of discontinued component 5,000 Sales (net) 60,000 Other items (revenues) 6,000 Merchandise inventory 12 31 20 4,000 Operating expenses 7,000 The following information has been provided by Meyers Company as of December 31, 20XX Unearned rent $ 4,500 Retained earnings (unrestricted) 141,000 Common stock, $5 par 150,000 Premium on bonds payable 1,800 Bonds payable 28,000 Additional paid in capital on common stock 55,000 Treasury stock, at cost 29,000 Retained earnings restricted for plant expansion 17,000 Sinking fund for bond retirement 31,250 Required Prepare the shareholders' equity section of the balance sheet for Meyers Assume that Amanda invested $10,000 in a savings account paying 10 annually She also invested another $10,000 in a different savings account paying 10 compounded annually What will the balances be in both accounts after 4 year

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Below are select pretax account balances of Cabalt Company on December 31, 2019 Require: Prepare a multiple-step income statement for the year, include a separate

Below are select pretax account balances of Cabalt Company on December 31, 2019

Require:

Prepare a multiple-step income statement for the year, include a separate schedule for cost of

goods sold. Assume an income tax rate of 30%

Purhases (net) $25,000

merchandise inventory, 1/1/20 4,000

extra-ordinary gain 13,000

Income from operations of discontinued component 2,000

Loss on disposal of discontinued component 5,000

Sales (net) 60,000

Other items (revenues) 6,000

Merchandise inventory 12/31/20 4,000

Operating expenses 7,000

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The following information has been provided by Meyers Company as of December 31, 20XX:

Unearned rent $ 4,500

Retained earnings (unrestricted) 141,000

Common stock, $5 par 150,000

Premium on bonds payable 1,800

Bonds payable 28,000

Additional paid-in capital on common stock 55,000

Treasury stock, at cost 29,000

Retained earnings restricted for plant expansion 17,000

Sinking fund for bond retirement 31,250

Required:

Prepare the shareholders' equity section of the balance sheet for Meyers

Assume that Amanda invested $10,000 in a savings account paying 10% annually. She also invested another $10,000 in a different savings account paying 10% compounded annually. What will the balances be in both accounts after 4 year?