Building Sales Common Stock (par S10) Bonds Payable (due in 5 years) $113,100 $78,720 $100,000 $30,720 Dividends $4,800 Patent $4,800 Sales Taxes Payable $4.000 Gains in disposal of $3,840 assets Depreciation Expense $3,200 Utilities Expense $2,880 $23,040 $2,080 $4,000 Salaries Payable $2,880 $18,240 $17,280 S40,000 $1,920 $1.920 $19,200 Cost of Goods Sold Accumulated Other Comprehensive Income (credit) Investment in Marketable securities-trading Accounts Payable Merchandise Inventory Equipment Retained Earnings, Jan. 1 Accounts Receivable Accumulated Depreciation- Building Accumulated Depreciation Equipment Rent Expense Allowance for Uncollectible Accounts Investment in Marketable securities -available for sale Sales Returns Interest Expense Salaries Expense Discounts on Bonds Payable Interest Payable $14,400 $1,920 S14,400 $1,600 S11.520 Interest Revenue $1.500 $10.000 $1,200 $5,760 Bad Debts Expense Treasury Stock Cash $2,000 $960 S6,400 S1.920 Land S16.000 Example of Answer: 4000 No comma, space, decimal point, or $ sign. Compute total current assets as of December 31st Answer = A Compute total Property, Plant, and Equipment as of December 31st Answer - A/ Compute total current liabilities as of December 31st Answer = A Compute the amount of operating income (income from operations) for the year. Answer = Assume Net Income is $28,000. What is Retained Earnings as of December 31st (ending)? Answer = A Assume retained earnings as of Dec. 31st is $40,000. Based on data given, what is the TOTAL amount of Stockholders' Equity as of Dec. 31st? Answer = A/