Complete parts A and D of Integrated Case Problem (Pinnacle Manufacturing) on page 558 of the Arens textbook.Submit your answers in WORD format by uploading file here. FORMAT:

Part A: Submit Word file. Make sure paper has proper headings. Content can be presented in paragraph form or outline.

Part D: Submit completed excel file.

CUSNAM A & M SANDLER INC A A HILL CORP A TO Z ABNER HOMECARE ABUNDANCE INC ACCESSORY SVCS ADVANCED COMPUTER ADVENT SIGN MFG. CO. AFFILIATED MATERIAL INC AIR ENERGY INC AIR PRODS & CHEMS-ACCTS PAYBL AIRTEK PRODS AKZO TEMP AL. ALAMILLO ALBERS APPLIANCE INC. ALBERT B FITZGERALD INC ALBERT SANDLER ALBERTSON NETWORK ALDERS WHSE ALLOID CO INC ALPINE ELECTRONIC SERVICE AMERICAN BABY % USTC AMERICAN INTL SVC AMERICAN LIGHT CORP AMERICAN PRESS AMERICAN QUALITY APPAREL, INC. APEX PAPER CO ARGON INC ARMOR PROD ARS MFG INC ART ACOUSTICS ARTISAN GLASS INC ARTNAC CORP ARV LOGISTICS/FREIGHT PAYMENT ASSISTED CARE PARTNERS INC ASSOC GROWTH ATS INC AUTOMATIC SWITCH CO AVON ELECTRIC B & B CLOTHING MFG. CO., INC. B & B MFG CORP B & E RAILROAD B & G INDUSTRIES B & L CHEMICAL CO B B R, INC. DBA KELLY'S B&K MFG CO INC B.T. STYLES, INC. BANK BROS Accounts Payable 81,348.54 22,244.08 606.34 30,636.94 2,434.68 26,588.26 30,666.33 51,750.00 8,608.29 9,204.96 14,053.45 1,816.26 13,423.55 45,483.82 15,368.37 4,378.61 7,943.95 3,540.02 69,381.70 15,000.54 10,491.44 75,432.73 9,221.17 12,239.62 340,767.94 44,029.99 6,462.08 2,552.43 5,407.75 2,847.85 7,529.68 14,916.03 11,642.70 7,052.85 20,019.61 10,682.61 10,656.68 2,676.69 5,823.26 858.19 8,272.92 4,263.89 26,608.10 35,869.33 5,027.52 42,668.50 6,854.08 1,474.56 BATES BEACH & HOOVER REFINING BEACON WIRING CO BEARING DRIVES CO BECTON ELEC PROD % SCOTT AULT BEELINE PRODUCTS INC BELLCO BELTON LAMP & SHADE OUTLET BLAKE WHITNEY BOOMER KITCHEN & BATH CTR BOSTON SHOECASE CO BRAGG SUSPENSION PARTS BRASS BOOK TRADING CO BREAYER CORP BRIDGE TOOL & MFG BRUCE G ATCHESON MD BRUNNER INC BRUSH COMPUTREX BUECHLE & KUEHNE BURTON MARTIN BUSINESS MACHINE PROFESSIONAL BYRON USA C L COMMUNICATIONS CABLE SYS % IND TRAF CONS CAL HANNAS INC CAMDEN WORKS CAMERA MUNDI INC CANCER SPECIALIST INC CARPENTER CO CARRIAGE'S CERTAIN SEED CORP CESAR ALVAREZ CHECKPOINT FLOWERS INC % STI CHELMSFORD FRUIT CTR CHEMTREX CHRISTIAN BRIDGE BAKERY CIRCLE INTL CIRCLE INTL CITA CORP CLARK MILLS CLEAN-O-RAMA, CO. CLOTHING SALES CRP COAST DIST SYS COLE FILM COLOR PRESS CO-ACCT PAYABLE COLUMBIA CLORINE CO., INC. COMMONWEALTH DIST. COMMUNICATIONS DESIGN CO CONN SCIENTIFIC CORP 1,485.27 76,408.79 4,770.45 73,017.24 26,991.77 2,646.13 42,710.74 36,061.56 13,103.00 27,107.92 52,174.50 18,734.70 28,923.29 25,863.57 1,120.50 3,098.68 11,409.56 7,697.87 4,011.46 78,682.54 1,989.41 31,069.14 10,149.97 71,288.95 33,549.69 5,951.46 9,605.26 3,786.46 5,420.90 23,356.85 2,377.96 11,870.46 2,986.58 20,232.42 10,458.53 53,703.45 28,303.70 5,442.67 17,250.33 6,937.74 317,668.63 3,500.44 37,403.58 2,211.74 10,212.15 5,069.89 18,559.24 2,636.19 2,360.81 CONSOLIDATED ELECT CONTINENTAL EXP INC COOKIE WORKS INC COOPER ACCESSORIES & SUPPLY COURIER NETWORK INC COVE HARDWARE CRAFT BINDER ALL TO CUMBERLAND STEEL CUSTOM CLASSICS CUSTOM ELECTRONICS CWP INDUSTRIES INC CYTEC ASSOC D I T AUTOMOTIVE DARPIN INTL GROUP DAVID F. PAYNE DEBBIE CELESTINO DELTA INSTALLATION DELTRON INC DENPHAL CUSTOM FURN DERBY RACE CARS DES CHAMPS WHITE DESIGN LABEL MFG INC DESSERTS BY BEN WEAVER DIAMOND METAL STAMPING INC DIOR INTERNATIONAL DOUBLETREE DOWNS CHENARD INC DYNAMIC METAL PRODUCTS EASTERN PACKAGING LTD EASTERN PHARMACY EDDIE VENTURA, INC. ELECTRICAL DISTRIBUTING, ELIZABETH FALLS ELLEN R WASNER MD ELTON METAL POWDERS EMI AUTOMOTIVE GROUP EMPIRE WEAVING EMPLOYEE CHARGE SALES "A" ENGELHARTS ESSEX CORP EVERHART CO EVERHART CO EXCAVATOR TECH EXPAND SVCS EXTRA-FAST CO F DICK CORP F.I.R.S.T., INC. FACTORY LTG LOFT INC FAYS DRUG COMPANY 4,203.92 20,432.50 10,477.16 14,918.98 12,185.52 3,949.96 22,617.02 33,172.11 3,859.39 3,580.63 750.70 32,486.59 27,166.23 5,150.93 11,911.02 3,337.62 14,786.65 605.19 5,211.41 1,371.85 339.08 1,978.68 42,560.83 21,854.36 841.51 2,890.62 17,127.55 36,546.05 10,359.37 28,860.53 60,255.55 23,460.93 404.29 4,432.19 3,701.53 42,815.74 1,751.75 1,503.29 19,771.17 4,171.83 47,519.14 706.39 7,762.95 28,086.15 4,586.09 3,523.15 3,011.38 16,593.97 7,007.39 FIBER PRODUCTS INC FIBERCHEM FIBEROPTICS FIBERWORK INC FINGERS CORP FINISH METALS INC FL WRIGHT CO FOAM PRODUCTS FOCUS CAMERA INC FONTAINE'S RADIO & TV SER FREEMAN FURNITURE - ATTN A/P FREIGHT LINES FRIGIDCO FULLER TRAVEL G & B MARINE INC % PMC LGSTCS G P CHAMBERS CO G.P. ELECTRONIC SERVICES GBI ELECTRONICS GENETICS INSTITUTE GEORGE RODRIGUEZ GERODON INC GLEASON CORP-ATTN:VERSHARNN GLOBAL COMM CORP - STE 207 GLOBE BUSINESS SUPPLY GODWIN DRUG COMPANY GOOD HOUSE HOME VIDEO INC GOOD HOUSE VIDEO GOODMAN-RECHWELD GORMAN ELEC GRANDVIEW CORPORATION GRAPHIC SYSTEMS INC GUARANTEED-TRANS OPER DEPT GUARANTEED-TRNS OPER DPT GUARDIAN COMP CO HACKER ASSOC HAMBLETON & FOOTE HAMILTON CHIMNEY INC HAMPTON WHSE HANNAFORD SULLIVAN HARLEY TRANSFER CORP HAROLD ELLIS CO HARRAH'S METALS, INC. HARRIS FORD MOTORSPORT HARRIS T.V. AND ELECTRONIC HARRY SANDOW CO INC HAWKES INDUSTRIAL WEAR HEARTLAND RECRUITING CO HENDERSON PUMP CO HENDERSON PUMP CO 4,557.76 793,049.89 60,102.78 3,807.72 10,260.42 60,769.71 5,703.23 4,380.70 44,577.51 3,460.48 130,493.51 34,273.28 1,624.54 32,470.11 50,884.95 64,125.44 8,763.52 1,451.21 16,991.68 19,241.63 20,567.22 820.25 4,095.56 14,965.31 84,331.05 46,472.67 19,145.21 191,373.01 12,309.77 3,891.54 11,969.72 23,775.62 6,201.65 8,573.80 5,650.97 6,656.11 12,824.29 1,096.44 769.01 9,218.70 1,477.26 51,279.85 10,104.16 6,065.17 1,626.43 21,763.06 10,227.43 63,528.67 1,016.01 HERLIN BEVERAGE CO HERPIN'S NEON DESIGNS HILL VIDEO CENTER HOFSTRA GLASS MFG HOLY FAMILY HOSPITAL HOPEWELL DECORATIVE PKG HUNT'S AV SYSTEMS, INC. INK TECH INC INNOV MOTORS AMERICA INNOVATIVE CONCEPTS INC INNOVATIVE PAPER INSUL MEDI INTERNATIONAL MAIL SYS INTERNATIONAL MICROENG INTERPLANT INC INTERVAL CORP INTL PLAY THEMES IRON HORSE IT TRANS DIST SVC IVERS PRINTING & BUSINESS FMS J C LICHT CO-GLENDALE HTS J C LICHT CO-PRAIRIE #2 J POMERANTZ JACK'S INC. JETCO INT'L INC JOE'S TV JOHNSTONE GLASS J-Z AUTO PARTS INC KARCH TECH SPLY KARL'S TV KEYSTONE-TURNER CORP KIMSCO FASHION DESIGN CO KISS ME CORP KOLLMORGEN INSTR CO KOLMAR AUDIO L & L TRUCKING SERVICE INC LAB CRAFT ASSOC LAMBERT & HIGGINS LAMPLIGHTERS LAS FLORES DESIGNS INC LAZARUS ENT LEAN CORP LEE JAY RESTAURANT LEHANNS OF AMERICA LEWIS SYLVESTER MD LIBERTY LIGHTING LIBERTY TREE, INC. LIPPER CO LOGAN TANNING INC 1,189.95 31,721.04 627.69 12,424.50 117,916.83 22,108.68 20,657.59 8,658.79 3,684.96 47,690.86 13,422.51 22,973.03 15,331.02 2,038.47 2,753.68 15,068.14 3,784.50 3,598.07 3,058.66 1,827.59 53,228.47 3,823.54 4,757.52 23,119.72 57,700.30 5,423.61 4,366.64 8,745.12 25,539.38 19,002.42 8,190.16 1,709.10 2,599.36 4,528.83 64,450.67 27,804.76 21,577.00 2,253.61 5,420.30 88,644.92 2,600.83 67,985.23 9,070.00 1,587.94 7,820.35 46,802.78 27,561.14 12,416.77 9,865.49 LONG BEACH LAWN SERVICE LORD CORP LOTUS EQUIPMENT LTD LOUISIANA DISC WHSE CO LUCY INTERNATIONAL, INC. LUIS CALDERON M N D CORP M PENNY CO - DIST SVCS MAC FARMS MACARTHUR DIST CO MACARTHUR DIST CO MACDONALD SVC CORPORATION MAIN PAPER & PACKAGING MAITLIN BIOCHEMICAL MARC LAWRENCE MARCOT DEVELOPMENT MARVIN CHOC CO MASON AUTOMATIC MACHINERY MASTER RELIANCE MATERIAL FLOTATION IND MATTHEY DESIGNS INC MAXITE USA MC GRAW & GUNTHER MCCOYS INC MCMASTER CARTER SUPPLY MECKLENBURG FLORIST MEMORIAL MICROWAVE CO MERRILL INDS MERRITT FROSST CANADA INC METADYNE CORP MEYER-ECCO INC. MI-CAR INC. MICRO ETCH CORP MICRO TECH CORP MICRON POWER SYSTEMS MIDCO HARNESS MIDWEST SALES MILL STREET RESTAURANT MILLS DEPARTMENT STORE MILTON JEWELERS MILTON MATTRESS & FUTON MISC. COD (TRADE) MLCOM OFFICE EQUIP MOBIL OIL MOLD RITE CASTING CO MONSEY PRODUCTS CO MOOG PAPER BOXES MOTOR CARGO MR. ALAN'S STYLES. 48,488.96 1,223.43 25,171.10 9,974.81 8,707.72 1,757.86 4,759.67 7,520.29 16,207.67 2,937.76 1,908.80 147,943.95 1,893.62 1,039.73 55,316.05 163.45 14,175.20 779.92 2,275.10 56,072.37 11,612.82 15,961.05 3,836.48 67,936.32 3,296.49 2,043.70 20,037.35 15,899.50 641.73 85,432.51 8,200.60 13,099.35 5,432.70 4,556.73 136,071.37 4,360.85 16,513.90 17,391.85 2,213.81 14,092.80 25,816.28 95,901.28 13,513.14 93,210.48 86,660.95 216.80 5,277.27 4,023.11 150.72 MR. GLASS INC MULTIPAK PACKAGING MUNI HLTH ORG INS CO MURNELL SEAT CO MYSTIC CONCEPTS NATIONAL BAKERY CO NATIONAL ELEVATOR & MACH CO NATIONAL TAYLOR CORP NATIONAL TV & APPLIANCE NATURAL SERVICE INDUSTRY NAUTICAL MAINE INC NCAA / VM MARKETING / PE NEEDHAM FURNITURE NELAS STORES, INC NEW ARMY NAVY CORP NIMBUS ASSOCIATES NORRIS INDUSTRIES NORTH CONTROL IND INC NORTHEAST MEDICAL SUPPLY NORTON CO NYC-HEALTH & HOSPITALS CORP OFFICE SUPPLY INTERNATIONAL OLDFIELD'S OMASCOT, INC. OPEN SYSTEMS INC OTB TROY HILLS OVERLAND TRADE PACKAGE FORWARD INC PARKIN MEDO INC PAUL K CALLOWS CO PAUL P. ELLISON PAULINE PRODUCTS INC PEACHTREE & HALL PEALE OFFICE FURNITURE PEAREY CORP PEI CORP PERFECT TIMES PERFORMANCE MFG PERGAMENT MASON PETE MARTIN PETERSON HOTEL CORP PETERSON PHARM PRTNR PFS USA PHILIP LAPINSKI INTL PHYSICIAN SALES & SVC INC PHYSICIAN SALES & SVC INC PHYTEK GLOBAL INC PIONEER MFG PLAINFIELD SUPPLY 13,618.16 32,373.32 15,187.98 9,827.10 14,010.30 19,307.45 76,921.40 6,590.95 2,263.37 25,000.59 19,018.04 25,959.58 1,972.14 2,796.56 10,664.58 17,101.93 88,314.64 28,020.43 1,645.06 1,820.74 15,512.03 7,759.76 6,849.33 7,443.48 31,171.84 29,402.17 1,583.79 51,035.94 6,285.20 1,694.63 26,209.72 6,833.76 1,056.13 6,019.28 1,379.60 20,424.10 4,212.19 1,766.72 80,482.46 4,082.72 4,876.79 26,355.60 26,096.87 20,723.20 22,550.59 601.21 10,031.98 5,253.74 2,571.88 PLASMA CANADA PLASTIC STORAGE SYSTEMS INC PLAZA LIGHTING POCONO PETERTON POLAR AIR CORP POLAR FOODS PRECISION PRODUCTS PREMIER WHIRLPOOL BATH PRESBYTERIAN HOSPITAL PRESIDENT CAMERA INC PRINCETON WIRE INC PROCESS & CONTROL EQUIP PROGRESSIVE HARDWARE CO PROTECTIVE COATING CORP PUERTO RICO HOSP SPLY PURE SYSTEMS QUAKER TRANSANALYSIS QUALITY MARKETS QUALITY WHSE R & B PRODUCTS R & R HLTHCARE RES INC-CPO R N BALDWIN & ASSOC RAINBOW INC RALEIGH USA BICYCLE % NTA INC RALSTON NELSON INC RAM DATA SERVICE CTR RAND PARK RANDOM CHOICE INC RAYMOND M KELLER RECKNAGEL CO RED HERRING INC REDS CUSTOM SOUND INC REMINGTON SUPPLY RETAIL CLOTHIERS INC RETAIL INDUSTRIES RGB PUBLICITY ACCOUNT RIVER BUILDING SUPPLY ROGER RADIO & TELEVISION ROHM AND NPC ROSE-HAMMER & ASSOCS ROSEN COMERCIAL IMPORT ROYALTONE RUBBER SUPPLY CO RUFUS AUSTIN ANTIQUES RULAND TV SERVICE RUNNER TRANSPORT RUSSELL TOOL & MACH CO INC SABLEX INC SAFETY ENVELOPE CO 2,068.88 1,274.83 75,160.96 2,217.74 3,741.35 1,329.94 12,905.93 6,860.83 13,560.56 21,826.11 6,607.53 89,080.78 18,700.16 2,066.92 389.42 3,423.11 50,363.69 1,607.88 1,181.12 80,092.46 1,053.17 3,254.47 17,022.63 255.31 2,552.34 3,600.86 1,520.28 26,304.97 2,027.97 35,392.29 30,541.69 4,861.00 123,411.24 1,381.01 24,818.66 969.13 668.54 2,780.82 3,951.18 10,480.19 2,142.20 2,213.09 1,930.06 400,046.08 99,745.77 3,067.10 3,082.41 153,853.85 223,950.34 SALEM HARDWEAR SALIDA, INC SALTON CREATIONS SAMPSON MINING SAMUEL PLUMBING & HTG SANDLER'S INC SANDLERS VILLAGE IND SANDLERS,INC. SAVE THE CHILDREN FED. SAVTEC INC SCANDEC USA INC SCANDIA SCIENTIFIC CO SCHOONMAKER MICA CO SCHULTZ & SON INC SELECT WASHING SERVICE INC SEMATECH AUDIO CO SERT CO SERVICE WORLD SEVILLE FASHIONS, INC. SHAWMUT HILLS SHELBY TILE SHOE FACTORY OUTLET SIDNEY CASTELLI MD SILIPOS CAMERA INC SLANTCO CORP SMALL BOAT EXCHANGE SOLANO'S TV SERVICE SORENSON DIE CASTINGS INC SOUND CITY INC SOUTH RADIO & TV SVC SPORT DODGE STAR COFFEE STAR TORCH STATE OF MARYLAND STERILIZATION TECH SER INC STERLING TENTS STERNBERG RADIATORS INC STUDIO BROTHERS SULLIVAN PLASTICS % CT SUMITOMO DIAMOND CORP SUPER MARKET CORP SWEETHEART CORP SWIFT TRANSPORTATION & LOGISTI TABER ENGINE CONNECTION TACO GROUP TASSEL CO TAYLOR ALUMINUM TAYLOR ATHLETIC HORSESHOES TECNI COS 2,290.50 1,094.12 221.34 22,282.08 365.98 120,075.63 88,038.42 118,052.09 3,524.62 1,498.70 65,942.94 3,997.68 4,046.13 4,355.89 125,344.16 17,320.18 4,719.67 11,849.51 15,124.12 254.45 20,223.46 1,180.94 9,910.36 4,229.14 12,739.86 10,231.45 6,419.29 30,959.46 1,132.43 11,362.52 1,640.42 8,481.62 7,136.74 7,639.07 24,290.38 10,050.23 2,292.42 5,617.67 2,519.14 18,611.24 4,256.22 8,854.60 1,045.01 1,774.14 3,670.32 39,794.23 1,578.32 7,185.67 72,678.14 TELEVISION VIDEO AUDIO SA TEMPO APPL. SERVICE INC TENATRONICS CORP TESS CANDY CO INC THE ANNEX SHOPPE, INC. THE CARWASH**LEGAL****** THE DISTRIBUTORS LTD. THE DUTTON COMPANY THE HABERDASHERY CO THE SERVICE CENTER THE T.V. SHOP THE VCR CLINIC THOMAS POLLARD CO THRUWAY CONNECTORS TILES OF AMERICA TODD-MACHINERY TOM BERNARDI INC TOM THOMPSON CYCLES TOMPKINS CORP TOM'S TV SERVICE TONY - COLL ONLY TOPPERS INC TOWER INTERNATIONAL TRADE CHEMICAL CORP TRANSCONTINENTAL SALES CO. TRASK CASTERS INC TRAVIS WORKS TREASURE ADVERTISING TREND ACCOUNT TRIMOTOR INC TV SALES & SERVICE TYCO PIPE & STEEL ULSTER LUMBER SUPPLY ULTIMATE RESEARCH INC UNION SAT, INC. UNIVERSAL INSTRUMENTS INC UNIVERSITY C.C.,LC*LEGAL***** UNIVERSITY OF CALIFORNIA UNIVERSITY OF MARYLAND US INDIAN HEALTH SERVICE US PHS INDIAN HOSPITAL USP STERILIZATION INC USTC VALVE COUPLING UTILITY MFG CO INC V.J.'S TV & APPLIANCE VACUUM SERVICE VALUE APPAREL VAN BREEDEN CO VANDYKE FOOD MACHINES 9,957.10 3,264.46 4,621.90 2,574.69 12,890.89 19,238.47 1,313.88 63,882.02 71,869.16 64,956.54 13,413.16 32,885.80 18,202.56 2,255.32 14,362.58 531,073.93 1,164.93 6,725.25 112,532.07 9,055.46 22,424.47 6,432.03 37,299.57 1,527.68 29,184.16 3,099.47 18,371.48 15,300.68 24,652.60 796.92 42,872.01 13,043.28 3,139.10 678.71 654.36 1,905.31 18,105.20 80,624.95 59,333.16 6,470.27 2,276.09 5,193.23 2,097.42 10,150.49 2,443.98 37,238.69 7,350.79 4,758.00 9,203.06 VERNON BEAR VIDEO & SOUND CENTER WAKEFIELD ASSOC WALL-BOARD PRODUCTS WALTON STORES INC WARWICK SERVICES WEBER (BT) CO WEBER COMPANY WEBSTER FOOD STORES WEINMACHERS WEISS DISTRIBUTORS WELBURN MANUFACTURING WESTERN ONCOLOGY MED GROUP WHITE FUTON WIDMAN DRILL CO WILD BLUEBERRY CO WILLIAMS TV & APPL CO INC WILSON BLOUIN WOOD STOVE CO INC WOODSIDE WOOD FLOORS WOODSTOVE & FIREPLACE WORD PROC WORLD CASS INFO WORLD DRUG COMPANY WORLD PHOTONICS WORLD VIDEO CORP 2ND WYETH LABELS XANTHAL FUND Y&R ZZZZ BANK ADJUSTMENTS 40,105.62 1,433.61 8,173.18 12,850.80 4,453.26 1,444.11 15,884.80 64,466.17 1,984.19 6,804.32 5,942.98 388,836.07 1,380.39 10,794.10 625.60 1,110.49 11,843.91 7,500.77 28,199.60 9,333.42 72,982.39 382.27 2,549.47 17,852.36 13,563.97 6,441.89 3,399.68 17,472.65 4,173.59 64,471.21 12,969,686.36 Figure 16-8 Pinnacle Manufacturing Sample of Accounts Payable Selected for Confirmation--December 31, 2016 High-Volume Items (>$250,000) 1. AMERICAN PRESS 2. CLEAN-O-RAMA, CO. 3. FIBERCHEM 4. RUFUS AUSTIN ANTIQUES 5. TODD-MACHINERY 6. WELBURN MANUFACTURING Large Balance Items ($50,001 - $250,000) 1. A & M SANDLER INC 2. AMERICAN BABY % USTC 3. BEACH & HOOVER REFINING 4. BEARING DRIVES CO 5. BURTON MARTIN 6. CABLE SYS % IND TRAF CONS 7. EDDIE VENTURA, INC. 8. FIBEROPTICS 9. FINISH METALS INC 10. FREEMAN FURNITURE - ATTN A/P 11. G P CHAMBERS CO 12. GODWIN DRUG COMPANY 13. HOLY FAMILY HOSPITAL 14. LAS FLORES DESIGNS INC 15. LEAN CORP 16. MACDONALD SVC CORPORATION 17. MCCOYS INC 18. METADYNE CORP 19. MICRON POWER SYSTEMS 20. MOBIL OIL 21. NATIONAL ELEVATOR & MACH CO 22. NORRIS INDUSTRIES 23. R & B PRODUCTS 24. REMINGTON SUPPLY 25. SAFETY ENVELOPE CO 26. SCANDEC USA INC 27. THE DUTTON COMPANY 28. THE HABERDASHERY CO 29. UNIVERSITY OF CALIFORNIA 30. ZZZZ BANK ADJUSTMENTS Items $50,000 and less 1. ADVENT SIGN MFG. CO. 2. B&K MFG CO INC 3. BELLCO 4. BOSTON SHOECASE CO 5. DYNAMIC METAL PRODUCTS 6. EVERHART CO 7. FULLER TRAVEL 8. GOOD HOUSE HOME VIDEO INC 9. HARRAH'S METALS, INC. 10. J C LICHT CO-GLENDALE HTS 11. LIBERTY LIGHTING 12. LONG BEACH LAWN SERVICE 13. PREMIER WHIRLPOOL BATH 14. QUAKER TRANSANALYSIS 15. TOWER INTERNATIONAL TOTAL TESTED $ $ $ 340,767.94 317,668.63 793,049.89 400,046.08 531,073.93 388,836.07 $ 2,771,442.54 81,348.54 75,432.73 76,408.79 73,017.24 78,682.54 71,288.95 60,255.55 60,102.78 60,769.71 130,493.51 64,125.44 84,331.05 117,916.83 88,644.92 67,985.23 147,943.95 67,936.32 85,432.51 136,071.37 93,210.48 76,921.40 88,314.64 80,092.46 123,411.24 223,950.34 65,942.94 63,882.02 71,869.16 80,624.95 64,471.21 $ 2,660,878.80 $ $ 646,325.34 6,078,646.68 51,750.00 42,668.50 42,710.74 52,174.50 36,546.05 47,519.14 32,470.11 46,472.67 51,279.85 53,228.47 46,802.78 48,488.96 6,550.33 50,363.69 37,299.57 FIGURE 16-9 Replies to Requests for Information STATEMENT FROM FIBERCHEM Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2016 Invoice No. 8312 8469 8819 9002 Date 11-22-16 12-02-16 12-18-16 12-30-16 $ $ $ $ Amount 300,000.00 178,000.00 315,049.89 32,500.00 (2) $ $ $ $ Balance Due 300,000.00 478,000.00 793,049.89 (1) 825,549.89 Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Fiberchem's plant on December 31, 2016, arrived at Pinnacle Manufacturing on January 4, 2017. STATEMENT FROM MOBIL OIL Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2016 Invoice No. DX14777 DX16908 Date 12-23-16 12-29-16 Amount Balance Due $ 93,210.48 $ 93,210.48 (1) $ 37,812.00 (2) $ 131,022.48 Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Pinnacle Manufacturing December 29, 2016; arrived at Pinnacle Manufacturing on January 3, 2017 STATEMENT FROM NORRIS INDUSTRIES Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2016 Invoice No. 14896 15111 Date 12-27-16 12-28-16 Amount Balance Due $ 88,314.64 $ 88,314.64 (1) $ 117,296.00 (2) $ 205,610.64 Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods received December 30, 2016, recorded on January 2, 2017. STATEMENT FROM REMINGTON SUPPLY Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2016 Invoice No. 141702 142619 142811 143600 144927 Date 11-11-16 11-19-16 12-04-16 12-21-16 12-29-16 $ $ $ $ (2) $ Amount 23,067.00 12,000.00 7,100.00 27,715.24 53,529.00 $ $ $ $ $ Balance Due 23,067.00 35,067.00 42,167.00 69,882.24 123,411.24 (1) Auditor's notes: (1) Agrees with accounts payable listing. (2) Goods shipped FOB Pinnacle Manufacturing on December 29, 2016, arrived at Pinnacle Manufacturing on January 4, 2017. STATEMENT FROM ADVENT SIGN MFG. CO. Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2016 First progress billing per contract Second progress billing per contract Total due $ $ $ 51,750.00 (1) 7,500.00 (2) 59,250.00 Auditor's notes: (1) Agrees with accounts payable listing. (2) Progress payment due as of December 31, 2016, per contract for construction of new custom electric sign. Sign installation completed on January 15, 2017. STATEMENT FROM FULLER TRAVEL Pinnacle Manufacturing Detroit, MI Amounts due as of December 31, 2016 Invoice No. 84360110 84360181 84360222 84360291 Date 12-04-16 12-12-16 12-21-16 12-26-16 Amount $ 9,411.63 $ 9,411.63 $ 7,100.00 $ 13,646.85 (2) (2) (1) (2) $ $ $ $ Balance Due 9,411.63 18,823.26 25,923.26 39,570.11 Auditor's notes: (1) Paid by Pinnacle Manufacturing on December 28, 2016. Payment in transit at year-end. (2) The total of these items of $32,470.11 agrees with accounts payable listing. FIGURE 16-10 Vendor Pinnacle Manufacturing Analysis of Trade Accounts Payable--December 31, 2016 Balance per Books Amount Confirmed by Vendor Difference: Books Over (Under) Amount Confirmed Misstatement in Related Accounts Misstatement Timing in Accounts Difference: No Payable o/s Misstatement (u/s) Other Balance Sheet Misstatement o/s (u/s) Income Statement Misstatement o/s (u/s) Brief Explanation Key Accounts (> $250,000) Fiberchem $793,049.89 $ 825,549.89 Accounts in stratum $50,001 - $250,000 $ (32,500.00) Accounts in stratum less than or equal to $50,000 $ (32,500.00) $ (32,500.00) F.O.B. Origin error Dr. Inv. Cr. A/P Figure 8-9 Pinnacle Manufacturing Financial Statements Pinnacle Manufacturing Company Income Statement For the Year ended December 31 2016 Net sales Cost of goods sold Gross profit Operating expenses Income from operations Other revenues and gains Other expenses and losses Income before income tax Income tax Net income for the year Earnings per share $150,737,628 109,284,780 41,452,848 37,177,738 4,275,110 2,181,948 2,093,162 883,437 1,209,725 $1.21 2015 2014 $148,586,037 $144,686,413 106,255,499 101,988,165 42,330,538 42,698,248 38,133,969 37,241,108 4,196,569 5,457,140 2,299,217 2,397,953 1,897,352 3,059,187 858,941 1,341,536 1,038,411 1,717,651 $1.04 $1.72 Pinnacle Manufacturing Company Balance Sheet As of December 31 Assets Current assets Cash and cash equivalents Net receivables Inventory Other current assets Total current assets Property, plant and equipment Total assets 2016 $7,721,279 13,042,165 32,236,021 172,278 53,171,743 62,263,047 $ 115,434,790 $ 2015 $7,324,846 8,619,857 25,537,198 143,206 41,625,107 61,635,530 103,260,637 $ 2014 $8,066,545 7,936,409 25,271,503 131,742 41,406,199 58,268,732 99,674,931 Liabilities Current liabilities Accounts payable Short/current long-term debt Other current liabilities Total current liabilities Long-term debt Total liabilities Stockholders' equity Common stock Additional paid-in capital Retained earnings Total stockholders' equity Total liabilities & stockholders' equity $ 12,969,686 $ 15,375,819 2,067,643 30,413,148 24,420,090 54,833,238 1,000,000 15,717,645 43,883,907 60,601,552 $115,434,790 9,460,776 $ 7,586,374 10,298,668 9,672,670 1,767,360 1,682,551 21,526,804 18,941,595 22,342,006 22,379,920 43,868,810 41,321,515 1,000,000 15,717,645 42,674,182 59,391,827 $103,260,637 1,000,000 15,717,645 41,635,771 58,353,416 $99,674,931 Pinnacle Manufacturing Company Balance Sheet - All Divisions As of December 31 2016 Dollar Value ASSETS CURRENT ASSETS Cash and cash equivalents Accounts receivable: Trade Less: Allowance for bad debts Inventory Prepaid expenses Deposits Total current assets PROPERTY, PLANT, AND EQUIPMENT Land Automobiles Accum. depreciation: Automobiles Office equipment Accum.depreciation: Office equipment Manufacturing equipment Accum. depreciation: Manufacturing equipment Manufacturing building Accum. depreciation: Manufacturing building Office building Accum.depreciation: Office building Total property, plant, and equipment TOTAL ASSETS $ $ 7,721,279 14,008,633 (966,468) 32,236,021 119,081 53,197 53,171,743 11,490,036 266,071 (198,218) 5,494,707 (2,962,472) 13,918,820 (3,319,983) 41,106,800 (11,098,836) 13,262,479 (5,696,357) 62,263,047 115,434,790 2015 Dollar Value $ $ 2014 Dollar Value 7,324,846 9,586,325 (966,468) 25,537,198 106,353 36,853 41,625,107 11,490,036 220,313 (166,835) 5,238,368 (2,136,395) 11,543,824 (2,796,754) 38,056,625 (8,410,681) 13,025,447 (4,428,418) 61,635,530 103,260,637 $ $ 8,066,545 8,879,352 (942,943) 25,271,503 102,650 29,092 41,406,199 4,159,580 220,313 (122,769) 4,924,055 (1,417,025) 11,179,813 (2,429,272) 38,056,625 (7,074,110) 13,025,447 (2,253,925) 58,268,732 99,674,931 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Note payable: Bank Accounts payable: Trade Current portion of long-term debt Accrued payroll and withholding taxes Accrued interest Federal income taxes payable Total current liabilities $ 11,459,080 12,969,686 3,916,739 1,593,276 229,575 244,792 30,413,148 $ 10,257,598 9,460,776 41,070 1,263,461 196,545 307,354 21,526,804 $ 9,631,600 7,586,374 41,070 1,238,454 178,478 265,619 18,941,595 LONG-TERM DEBT 24,420,090 22,342,006 22,379,920 STOCKHOLDERS' EQUITY Common stock: $1 par value Authorized: 1,500,000 shares Issued and outstanding: 1,000,000 shares Additional paid-in capital Retained earnings Total stockholders' equity 1,000,000 15,717,645 43,883,907 60,601,552 1,000,000 15,717,645 42,674,182 59,391,827 103,260,637 1,000,000 15,717,645 41,635,771 58,353,416 99,674,931 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 115,434,790 $ $ Pinnacle Manufacturing Company Income Statement - All Divisions For the Year Ended December 31 Sales 2016 2015 2014 Dollar Value Dollar Value Dollar Value 150,918,731 148,764,555 144,860,245 181,103 178,518 173,832 109,284,780 106,255,499 101,988,165 41,452,848 42,330,538 42,698,248 2,281,266 2,387,993 2,295,081 Salaries-Office 315,169 296,681 306,856 Licensing and certification fees 190,650 172,883 162,279 Security 550,603 637,580 630,353 Insurance 93,197 103,842 108,491 Sales Returns and Allowances Cost of Sales* Gross Profit OPERATING EXPENSES-Allocated Salaries-Management Medical benefits Advertising Business publications Property taxes Bad debts Depreciation expense Accounting fees Total operating expenses-Allocated 23,721 29,453 28,810 162,512 178,009 165,678 6,989 5,555 774 22,585 178,009 175,692 841,699 1,034,060 992,094 5,336,783 4,641,982 4,367,565 273,956 297,777 299,789 10,099,130 9,963,824 9,533,462 14,970,669 15,327,777 14,904,392 OPERATING EXPENSES-Direct Salaries-Sales Wages Rental 491,794 595,389 575,725 Wages-Mechanics 1,113,539 1,339,626 1,333,411 Wages-Warehouse 4,891,065 5,340,271 5,473,249 Garbage collection Payroll benefits Rent- Warehouse Telephone 27,649 29,771 37,969 2,657,889 2,937,730 2,894,300 802,855 764,346 758,345 32,402 45,173 57,867 Utilities 262,393 267,005 274,365 Postage 89,763 133,518 151,278 Linen service 17,282 12,350 16,083 166,985 168,405 178,213 Repairs and maintenance Cleaning service 89,800 81,589 78,088 Legal service 396,016 190,540 152,238 Fuel 286,547 341,192 279,512 Travel and entertainment 103,389 103,842 100,479 Pension expense 228,555 237,350 127,011 Office supplies 149,828 148,340 171,109 Miscellaneous 300,188 105,931 144,012 Total operating expenses-Direct 27,078,608 28,170,145 27,707,646 Total Operating Expenses 37,177,738 38,133,969 37,241,108 4,275,110 4,196,569 5,457,140 Operating Income Other Expense-Interest 2,181,948 2,299,217 2,397,953 Income Before Taxes 2,093,162 1,897,352 3,059,187 Federal Income Taxes 883,437 858,941 1,341,536 1,209,725 1,038,411 1,717,651 Net Income * Details of manufacturing expenses are not included in this schedule. Pinncacle Manufacturing Company Income Statement - Welburn Division For the Year Ended December 31 Sales Sales Returns and Allowances Cost of Sales* Gross Profit OPERATING EXPENSES-Allocated Salaries-Management Salaries-Office Licensing and certification fees Security Insurance Medical benefits Advertising Business publications Property taxes Bad debts Depreciation expense Accounting fees Total operating expenses-Allocated OPERATING EXPENSES-Direct Salaries-Sales Wages Rental Wages-Mechanics Wages-Warehouse Garbage collection Payroll benefits Rent- Warehouse Telephone Utilities Postage Linen service Repairs and maintenance Cleaning service Legal service Fuel Travel and entertainment Pension expense Office supplies Miscellaneous Total operating expenses-Direct 2016 $ Value 122,585,513 127,673 90,373,709 32,084,131 2015 $ Value 120,830,903 124,975 87,905,900 32,800,028 2014 $ Value 117,639,471 121,694 84,375,503 33,142,274 1,851,775 255,833 139,951 446,938 75,647 19,389 131,917 4,213 17,873 687,885 4,206,533 223,534 8,061,488 1,934,168 240,298 127,659 516,406 84,103 24,032 144,181 2,981 144,181 831,572 3,759,789 240,196 8,049,566 1,858,914 248,539 119,829 510,552 87,868 23,507 134,193 415 142,304 797,823 3,537,525 241,817 7,703,286 12,579,213 4,006,809 2,039,389 670,746 25,901 194,700 77,924 14,126 123,450 65,853 115,735 217,964 80,265 187,891 121,617 57,147 20,578,730 12,694,443 4,325,377 2,379,426 623,389 36,045 216,266 108,136 10,510 117,538 66,085 131,334 276,343 84,103 192,240 120,149 57,910 21,439,294 12,343,793 4,433,082 2,344,248 618,494 46,175 222,226 122,519 13,685 124,383 63,250 104,934 226,387 81,380 102,872 138,590 78,729 21,064,747 Total operating expenses OPERATING INCOME * Details of manufacturing expenses are not included in this schedule. 28,640,218 3,443,913 29,488,860 3,311,168 28,768,033 4,374,241 Pinnacle Manufacturing Company Income Statement - Solar-Electro Division For the Year Ended December 31 Sales Sales Returns and Allowances Cost of Sales* Gross Profit OPERATING EXPENSES-Allocated Salaries-Management Salaries-Office Licensing and certification fees Security Insurance Medical benefits Advertising Business publications Property taxes Bad debts Depreciation expense Accounting fees Total operating expenses-Allocated OPERATING EXPENSES-Direct Salaries-Sales Wages Rental Wages-Mechanics Wages-Warehouse Garbage collection Payroll benefits Rent- Warehouse Telephone Utilities Postage Linen service Repairs and maintenance Cleaning service Legal service Fuel Travel and entertainment Pension expense Office supplies Miscellaneous Total operating expenses-Direct 2016 $ Value 22,605,731 43,825 17,008,377 5,553,529 2015 $ Value 21,680,289 38,773 16,156,496 5,485,020 2014 $ Value 21,126,896 37,756 15,507,635 5,581,505 338,015 46,697 19,303 81,580 13,808 3,537 24,078 874 3,264 120,493 889,483 39,666 1,580,798 352,230 43,759 15,287 94,046 15,319 4,376 26,255 542 26,255 157,730 684,667 44,689 1,465,155 338,525 45,259 14,350 92,980 16,005 4,280 24,436 76 25,913 151,328 644,192 44,992 1,402,336 2,192,482 695,918 478,669 103,983 4,730 53,278 7,131 2,578 34,121 20,694 268,954 53,975 18,196 34,297 22,199 234,892 4,226,097 2,402,414 787,698 433,321 109,403 6,567 39,383 19,695 1,490 39,383 12,033 45,950 50,326 15,319 33,988 21,880 42,982 4,061,832 2,336,053 807,312 426,916 108,544 8,412 40,468 22,315 1,941 41,677 11,516 36,714 41,229 14,822 18,187 25,238 58,433 3,999,777 Total operating expenses OPERATING INCOME * Details of manufacturing expenses are not included in this schedule. 5,806,895 -253,366 5,526,987 -41,967 5,402,113 179,392 Pinnacle Manufacturing Company Income Statement - Machine-Tech Division For the Year Ended December 31 Sales Sales Returns and Allowances Cost of Sales* Gross Profit OPERATING EXPENSES-Allocated Salaries-Management Salaries-Office Licensing and certification fees Security Insurance Medical benefits Advertising Business publications Property taxes Bad debts Depreciation expense Accounting fees Total operating expenses-Allocated OPERATING EXPENSES-Direct Salaries-Sales Wages Rental Wages-Mechanics Wages-Warehouse Garbage collection Payroll benefits Rent- Warehouse Telephone Utilities Postage Linen service Repairs and maintenance Cleaning service Legal service Fuel Travel and entertainment Pension expense Office supplies Miscellaneous 2016 $ Value 5,727,487 9,605 1,902,694 3,815,188 2015 $ Value 6,253,363 14,770 2,193,103 4,045,490 2014 $ Value 6,093,878 14,382 2,105,027 3,974,469 91,476 12,638 31,396 22,086 3,742 795 6,517 1,902 1,448 33,321 240,767 10,756 456,844 101,595 12,624 29,937 27,128 4,420 1044 7,573 2,032 7,573 44,759 197,527 12,891 449,103 97,642 13,057 28,100 26,820 4,618 1022 7,048 283 7,475 42,942 185,850 12,983 427,840 198,978 491,794 1,113,539 188,339 27,649 139,832 28,126 1,771 14,415 4,708 579 9,414 3,253 11,327 14,608 4,928 6,368 6,012 8,141 230,922 595,389 1,339,627 227,196 29,771 124,984 31,554 2,560 11,357 5,688 350 11,484 3,472 13,255 14,522 4,420 11,121 6,312 5,035 224,543 575,724 1,333,411 232,853 37,970 123,136 31,306 3,280 11,670 6,445 457 12,153 3,322 10,590 11,897 4,277 5,951 7,281 6,856 Total operating expenses-Direct Total operating expenses OPERATING INCOME * Details of manufacturing expenses are not included in this schedule. 2,273,781 2,730,625 1,084,563 2,669,019 3,118,122 927,368 2,643,122 3,070,962 903,507