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Create a trial balance with the following information Financial Statements Income Statement Year Ended 12/31/15 Income Statement Year Ended 12/31/14 Sales 8,052 Cost of goods
Create a trial balance with the following information
Financial Statements Income Statement Year Ended 12/31/15 Income Statement Year Ended 12/31/14 Sales 8,052 Cost of goods sold 4,365) (941) (580) (116) (5,140) Marketing and selling expenses Administrative expenses (677) (128) (29) Research and development expenses Other (expenses)/ income Restructuring charges Total costs and expenses Earnings before interest and taxes Interest expense Interest income Earnings before taxes Tax expense 1,080 1,155 (135) 10 955 75 680 (114) 1,049 325 724 40 Earnings from continuing operations Earnings/(loss) from discontinued ops Net earnings 449 Statement of Changes in Retained Earnings Year Ended 12/31/15Year Ended 12/31/14 Statement of Changes in Retained Earnings Beginning Retained Earnings Plus: Net Earnings Less: Dividends Ending Retained Earnings 727 764 373 1,118 1,118 1,200 Balance Sheet As of 12/31/15 Balance Sheet As of 12/31/14 Cash and cash equivalents Acccounts receivable, net Inventories Prepaids and other current assets Current assets held for sale Total current assets 335 553 714 169 925 135 193 1,771 5,655 (3,395) 2,297 1,021 131 5,127 Plant assets Accumulated depreciation Goodwill Patents, net of amortization Other assets Non-current assets held for sale Total assets (3,000) 2,013 496 123 8,323 6,530Step by Step Solution
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