Comprehensive Problem 4 Part 2: Note: You must complete part 1 before part 2 After all of the transactions for the year ended December 31, 202, had been posted (including the transactions recorded in part (1) and all adjusting entries, that follows were taken from the records of Equinox Products Inc. Income statement data: Advertising expense Cost of merchandise sold $150,000 3,700,000 Delivery expense 30,000 30,000 100,000 Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Dividend revenue Gain on sale of investment 4,500 4,980 Income from Pinkberry Co. Investment 76,800 140,500 Income tax expense Interest expense 21,000 2,720 Interest revenue Miscellaneous administrative expense 7,500 Miscellaneous selling expense 14,000 Office rent expense 50,000 170,000 Office salaries expense eBook Print Item office salaries expense 170,000 Office supplies expense 10,000 Sales 5,254,000 Sales commissions 185,000 Sales salaries expense 385,000 Store supplies expense 21,000 Retained earnings and balance sheet data: Accounts payable 5194,300 545,000 Accounts receivable Accumulated depreciation--office buildings and equipment Accumulated depreciation-store buildings and equipment 1,580,000 4,126,000 Allowance for doubtful accounts 8,450 Available for sale investments (at cost) 260,130 Bonds payable, 5%, due 2014 500,000 Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends: 246,000 2,000,000 Cash dividends for common stock Cash dividends for preferred stock 155,120 100,000 500,000 Goodwill Income tax payable 44,000 Previous Check My Work eBook Print Item Income tax payable 44,000 1,125 Interest receivable Investment in Pinkberry Co, stock (equity method) 1,009,300 90,000 Investment in Dream Inc, bonds (long term) 778,000 4,320,000 Merchandise inventory (December 31, 2012), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock Excess of issue price over par-common stock Excess of issue price over par-preferred stock Preferred 5% stock, $80 par (30,000 shares authorized; 20,000 shares issued) Premium on bonds payable 13,000 886,800 150,000 1,600,000 19,000 27,400 Prepaid expenses Retained earnings, January 1, 2012 9,319,725 12,560,000 Store buildings and equipment Treasury stock (5,400 shares of common stock at cost of $33 per share) 178,200 Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments (6,500) (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple step income statement for the year ended December 31, 2012, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. (Round earnings per Share to the nearest cent.) Save your calculations and enter the requested amounts below Problem 0.04-01 MARTS 0 PART 2 para a mile to come statement for the year ended Dec. 2012.g with comperture. Incoming an er here that e average of connossas 100,000 and preferred data were $100,000. Round as per to the recent.Save your Gations and enter the road amounts below 1. Prepared antistatement or the year anded December 11, 2002. Selain and the requested amount to 6. Prepare a aceste report for December 31, 2017 Shtyi oman enter the recebe Freured, only the minigolo indicare ion before income tax refotbolcunetan emings Groupon Total tingene Torte per Tot pering Treomercom hetoners and more Income 2,556,000 385,000 250.000 100,000 30,000 21.000 14,000 170,000 50,000 . 10,000 Laming porn share red 16 the end Beneteauary 2013 Tot arrestats In Dreaming bonds Total properti To 7,50 Previous WV Cowa ce 166-01 PART 1 Total et long-termes 02:01 PART 2 Tin Tiposto, o Tancata Rendering, December 31, 2017 To the 2. Se minus the cost of rando profesorom operation tracteren them to corner before income tax income tax retium Delete con preferred vidend by the umber of doing cores per 2 begin with the coming 1, 2012 and add the net om det for both common and presented aming December 31, 2012 Aretes, invents, prout, and one and wat we memorable to meet de the valuation sectors were under et ut Under broerant, and members to conto che Add condotto Recal that oyunbond is wided to the outer em Aptained and won for instant stacar Remember that the desert flowed by any technwert when I get what you are frihed to the Comprehensive Problem 4 Part 2: Note: You must complete part 1 before part 2 After all of the transactions for the year ended December 31, 202, had been posted (including the transactions recorded in part (1) and all adjusting entries, that follows were taken from the records of Equinox Products Inc. Income statement data: Advertising expense Cost of merchandise sold $150,000 3,700,000 Delivery expense 30,000 30,000 100,000 Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Dividend revenue Gain on sale of investment 4,500 4,980 Income from Pinkberry Co. Investment 76,800 140,500 Income tax expense Interest expense 21,000 2,720 Interest revenue Miscellaneous administrative expense 7,500 Miscellaneous selling expense 14,000 Office rent expense 50,000 170,000 Office salaries expense eBook Print Item office salaries expense 170,000 Office supplies expense 10,000 Sales 5,254,000 Sales commissions 185,000 Sales salaries expense 385,000 Store supplies expense 21,000 Retained earnings and balance sheet data: Accounts payable 5194,300 545,000 Accounts receivable Accumulated depreciation--office buildings and equipment Accumulated depreciation-store buildings and equipment 1,580,000 4,126,000 Allowance for doubtful accounts 8,450 Available for sale investments (at cost) 260,130 Bonds payable, 5%, due 2014 500,000 Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends: 246,000 2,000,000 Cash dividends for common stock Cash dividends for preferred stock 155,120 100,000 500,000 Goodwill Income tax payable 44,000 Previous Check My Work eBook Print Item Income tax payable 44,000 1,125 Interest receivable Investment in Pinkberry Co, stock (equity method) 1,009,300 90,000 Investment in Dream Inc, bonds (long term) 778,000 4,320,000 Merchandise inventory (December 31, 2012), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock Excess of issue price over par-common stock Excess of issue price over par-preferred stock Preferred 5% stock, $80 par (30,000 shares authorized; 20,000 shares issued) Premium on bonds payable 13,000 886,800 150,000 1,600,000 19,000 27,400 Prepaid expenses Retained earnings, January 1, 2012 9,319,725 12,560,000 Store buildings and equipment Treasury stock (5,400 shares of common stock at cost of $33 per share) 178,200 Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale investments (6,500) (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple step income statement for the year ended December 31, 2012, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were $100,000. (Round earnings per Share to the nearest cent.) Save your calculations and enter the requested amounts below Problem 0.04-01 MARTS 0 PART 2 para a mile to come statement for the year ended Dec. 2012.g with comperture. Incoming an er here that e average of connossas 100,000 and preferred data were $100,000. Round as per to the recent.Save your Gations and enter the road amounts below 1. Prepared antistatement or the year anded December 11, 2002. Selain and the requested amount to 6. Prepare a aceste report for December 31, 2017 Shtyi oman enter the recebe Freured, only the minigolo indicare ion before income tax refotbolcunetan emings Groupon Total tingene Torte per Tot pering Treomercom hetoners and more Income 2,556,000 385,000 250.000 100,000 30,000 21.000 14,000 170,000 50,000 . 10,000 Laming porn share red 16 the end Beneteauary 2013 Tot arrestats In Dreaming bonds Total properti To 7,50 Previous WV Cowa ce 166-01 PART 1 Total et long-termes 02:01 PART 2 Tin Tiposto, o Tancata Rendering, December 31, 2017 To the 2. Se minus the cost of rando profesorom operation tracteren them to corner before income tax income tax retium Delete con preferred vidend by the umber of doing cores per 2 begin with the coming 1, 2012 and add the net om det for both common and presented aming December 31, 2012 Aretes, invents, prout, and one and wat we memorable to meet de the valuation sectors were under et ut Under broerant, and members to conto che Add condotto Recal that oyunbond is wided to the outer em Aptained and won for instant stacar Remember that the desert flowed by any technwert when I get what you are frihed to the