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Condensed financial data of Monopoly Corporation appear below: A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for

Condensed financial data of Monopoly Corporation appear below:

A cash dividend was declared and paid in full to stockholders during the year.

Required:

Solve for the missing numbers.

  • Balance Sheet
  • Income Stmt
  • Cash Flow Stmt

Solve for the missing numbers.

MONOPOLY CORPORATION
Income Statement
Year Ended December 31
Sales $465,500
Expenses
Cost of goods sold $287,000
Selling, general and administrative expenses 92,500
Depreciation expense
Interest expense 8,700
Income taxes 419,600
Net income $45,900

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