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Directions: Given the account balances below, calculate the indicated amounts for the current year's financial statements: Retained Earnings prior year PP&E, net Wages Expense Administration
Directions: Given the account balances below, calculate the indicated amounts for the current year's financial statements: Retained Earnings prior year PP&E, net Wages Expense Administration Expense Cash Tax Expense Common Stock Inventory 7,050 4,440 190 150 1,550 205 300 3,700 Accounts Payable 1,800 Accounts Receivable 2,700 Notes Payable 2,200 Depreciation Expense 220 Cost of Goods Sold 6,700 Dividends 200 Interest Expense 85 Revenue 8,400 Tax Liability 390 Missing Amounts: Gross Profit Operating Income Income Before Tax Net Income Total Assets Total Liabilities Retained Earnings End of Current Period Shareholders' Equity
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