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Cash Accounts receivable Adjusted Trial Balance December 31, 2019 $ Dr $ Cr 938,816 560,000 Allowance for bad debts 8,800 Inventory 720,000 Long term

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Cash Accounts receivable Adjusted Trial Balance December 31, 2019 $ Dr $ Cr 938,816 560,000 Allowance for bad debts 8,800 Inventory 720,000 Long term investment 174,400 Property, plant, and equipment 800,000 Accumulated depreciation 320,000 Accounts payable 131,200 Accrued payables 96,000 Unearned revenues 128,000 Other long term liability 85,424 Bonds payable 800,000 Discount on bonds payable 85,360 Deferred income tax 51,136 Preferred stock 800,000 Common stock 80,000 Additional paid-in capital 880,000 Retained earnings 480,000 Dividends 64,000 Treasury stock 608,000 Operating revenues 1,944,000 Cost of goods sold 960,000 Selling and administrative expenses 400,000 Depreciation expense 80,000 Other expense 128,000 Bad debt expense 7,200 Rent expense Interest expense Income tax expense 160,000 70,784 Totals 48,000 5,804,560 5,804,560 1. The income statement. 2. The statement of retained earnings. 3. The balance sheet. 4. Ratios that can be calculated from the data presented.

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