Comprehensive Probiem: Chapters 13 to 15 683 COMPREHENSIVE PROBLEM: CHAPTERS 13 TO 15 CP15 Ouigley Corporation's trial halance at Decem r 31,2017, is presnted below AL 2017 transac- uons have been recorded escept for the items descnbed below s 25,500 51,000 22,700 65,000 95,000 Accounts Receivable Allowance for Doubttul Accots 450 30.000 14.400 19 300 Interest Payable Dividends Payable Unearned Rent Revenue 8.000 50.000 30.000 Common Stock (510 par Paid in Capital in Excess of Par Common Stock Pielersed Stock ($20 par) Paid-in Capital in Excess of Pa Paelesed Stock Retained Earnings Treasury Stock Cash Dividends 570.000 Rent Revenue Bad Debt Expense Interest Expense Cot of Goods Sold Depreciation Expense Other Operating Expenses Salatics and Wagos Espese 400,000 39,000 1. On January 1, 2017. Ouidy issued 1,000 sharem of $20 pat e preferred smck for $22,000 2. On January 1,2017, Quigey also issued 1,000 shares of common stock for $23,000. . Quipley reacquired 300 shares of its common dock on July 1, 2017, for $49 per share. 4. On December 31, 2017, Ouigley dedased thr anual cash dhidmden Ele preferred dock atxl $1.50 per share dnidend on the eutstanding common stock, all payable eon Jamary 15, 2018 5. Quigley estimates that smoo lectible accounts receivable at yearend is $5,100 6. The building is he ing depreciated wing the straighs ne methed over 30 years The salvage value is $5,000 7. The equipment i, being depreciated using the straight-line method ov? 10years, The salage value is $4,000 8. The wsea nel rent was cellected on Otler 1, 2017wa the reweipt of 4 montlw rent in advance lOctober 1, 2017 though January 31, 2018 9. The10% bonds payable per itemtewn January 1. The interest for the 12 months ended Decem- ber 31, 2017, has not been paid or eoed Ognore income taes al Prepare journal emtries for the transations anl adustment lnted above Ch) Prepore an updated December 31, 2017, ial halance, reflecting the journal entries in (a) (c) Prepare a muliple-step income statearnt for the year ending Decemher 31, 2017 (d) Prepare a retainnd earninp statment for the year ending Decemher 31, 2017 (e) Prepnre?clasei nd b-ance sheet as ed December 31, 2017 Total 5871 200