Chapter 12:PR 12-32A, pages 573 - 574.Please use the attached templates to do the problems.

Chapter 13: PR 13-1A, page 615.Please use the attached templates to do the problems.

Problem 12-3A Name: Section: Score: Key Code: Instructions 0% [Key code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. 1. DURANT AND ADKINS Income Statement For the Year Ended December 31, 2012 Professional fees Operating expenses: Salary expense Depreciation expense - building Property tax expense Heating and lighting expense Supplies expense Depreciation expense - office equipment Miscellaneous expense Total operating expenses Net income Aiden Jasmine Durant Adkins Total Jasmine Adkins Total Division of net income: Salary allowance Interest allowance Remaining income Net income 2. DURANT AND ADKINS Statement of Partners' Equity For the Year Ended December 31, 2012 Aiden Durant Capital, January 1, 2012 Additional investment during the year Net income for the year Withdrawals during the year Capital, December 31, 2012 3. DURANT AND ADKINS Balance Sheet December 31, 2012 Assets Current assets: Problem 13-1A Name: Section: Score: 0% Key Code: [Key Instructions code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. Enter a zero in cells you would otherwise leave blank. 1. Year 2007 2008 Total Dividends SUMMARY OF DIVIDENDS For the Years 2007-2012 Preferred Dividends Total Per Share Common Dividends Total 2009 2010 2011 2012 Total 2. 3. Average annual dividend Divided by market price per share Average return on investment (percent)