comprehensive problem

comprehensive problem 4 (part B)

Requevect: the mearned cont,) ining a melat alst. atej Camarehenaive Prablem 4 ithart B1 Labeis Cuneres assess Cuntert labiltess December 31, 20Y5 Dividends For the Year Ended Decenber 31, 20rs trangible assets twestrients Long-term Labities Operating expenses Other revenue and espenses Paid-in capital Property, plack, and equiptient Amount Descriptions Avalable-for-sale investments Bonds payable Common stock Decrease in tetained earrings From sale of treasiury slock Gross proft tweatment in Pinibbery Co. stack tevestment in Dreast ine bondy Income betore income tax income trom operations horeste in rotained ewenings Merchandise imvertory, at lower of cost (FIFC) or maket Net income Met less Preteired stock Paid-in capital in excets of par-prelened stock Paid-in capital in excess of par-common stock Retained eamings Retained earrings, darwary 1, a0y5 Retained earnings, December 31, 2015 Treasury oommon stock Total admiristrative expenses Total Total asseth Total cument assets Total cument labilites Total latisties Total labivites and sacekholsers' equily Total long-term liablites Total investments Total operating expenses Total paid in capital Total orocertc olart and equitment Decentaer 31, 20Y5 Oridendas Foe the Year Ended Dece-ber 3t, 2015 anturidide atoseft investments Long-sermi liablises Operating expenses OPher tevenue and espetest Paid-in captal Property, plarit, and equatiment Amownt Descriptions Avaliable-tor-saie irtvestanerts Bonds payatie Common steck Becrease in retained earrunge From sale of treasery stoek Gross prott Investonent in Prikberny Co. stock. divestment in Drearm thic, bonds Income belore inocme tax Iricome from opethiont morease in retained earnings Metchatiste invertery, al lower of cost (FiFCi or marked Net ncome Riet ioss Preten ed stock Paich-ta captal in excers of par-prelected stock. Paid-in captal in excess of par-oommon stock Retained earningt Hetained eacrings, danuay 1, 2015 Petaned earnings, December 31, 20Y5 Treasury commen tock Total administrative expenses Tetal Total asseds folal current assets Tofal curent liabilites Fotal Lahaties Total labities and stockholders' equity Toeal lorg term labeites Tolal imeostments. Eotal opetafing expectes foeal paidin cepital Tolal preperth. plant, and equipment Toeal sefing experses Tofal sweckhoiders' oefult a. Prepare a multiple-step income statement for the year endt concluding with eamings per share. In computing eamings pe average number of common shares outstanding was 100,000 were $100,000. Be sure to complete the statement heading. f names in the instructions and the lists of Labels and Amount i exact wording of text entries. Less" or "Add will automatically Enter amounts as positive numbers uniess the amount is a ca negative amount. For example: Net loss should be negative. t positive. (Round earnings per share to the nearest cent.) Requevect: the mearned cont,) ining a melat alst. atej Camarehenaive Prablem 4 ithart B1 Labeis Cuneres assess Cuntert labiltess December 31, 20Y5 Dividends For the Year Ended Decenber 31, 20rs trangible assets twestrients Long-term Labities Operating expenses Other revenue and espenses Paid-in capital Property, plack, and equiptient Amount Descriptions Avalable-for-sale investments Bonds payable Common stock Decrease in tetained earrings From sale of treasiury slock Gross proft tweatment in Pinibbery Co. stack tevestment in Dreast ine bondy Income betore income tax income trom operations horeste in rotained ewenings Merchandise imvertory, at lower of cost (FIFC) or maket Net income Met less Preteired stock Paid-in capital in excets of par-prelened stock Paid-in capital in excess of par-common stock Retained eamings Retained earrings, darwary 1, a0y5 Retained earnings, December 31, 2015 Treasury oommon stock Total admiristrative expenses Total Total asseth Total cument assets Total cument labilites Total latisties Total labivites and sacekholsers' equily Total long-term liablites Total investments Total operating expenses Total paid in capital Total orocertc olart and equitment Decentaer 31, 20Y5 Oridendas Foe the Year Ended Dece-ber 3t, 2015 anturidide atoseft investments Long-sermi liablises Operating expenses OPher tevenue and espetest Paid-in captal Property, plarit, and equatiment Amownt Descriptions Avaliable-tor-saie irtvestanerts Bonds payatie Common steck Becrease in retained earrunge From sale of treasery stoek Gross prott Investonent in Prikberny Co. stock. divestment in Drearm thic, bonds Income belore inocme tax Iricome from opethiont morease in retained earnings Metchatiste invertery, al lower of cost (FiFCi or marked Net ncome Riet ioss Preten ed stock Paich-ta captal in excers of par-prelected stock. Paid-in captal in excess of par-oommon stock Retained earningt Hetained eacrings, danuay 1, 2015 Petaned earnings, December 31, 20Y5 Treasury commen tock Total administrative expenses Tetal Total asseds folal current assets Tofal curent liabilites Fotal Lahaties Total labities and stockholders' equity Toeal lorg term labeites Tolal imeostments. Eotal opetafing expectes foeal paidin cepital Tolal preperth. plant, and equipment Toeal sefing experses Tofal sweckhoiders' oefult a. Prepare a multiple-step income statement for the year endt concluding with eamings per share. In computing eamings pe average number of common shares outstanding was 100,000 were $100,000. Be sure to complete the statement heading. f names in the instructions and the lists of Labels and Amount i exact wording of text entries. Less" or "Add will automatically Enter amounts as positive numbers uniess the amount is a ca negative amount. For example: Net loss should be negative. t positive. (Round earnings per share to the nearest cent.)