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Do all calculations using 9 decimal places, retain the 9 decimal places throughout the calculations, then when you report answers round to 2 decimal places.

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Do all calculations using 9 decimal places, retain the 9 decimal places throughout the calculations, then when you report answers round to 2 decimal places. Examples: If the answer is in years: i.e., 9.5576 report 9.56 years. If the answer is in dollars, i.e., $56.987.555 report to the nearest cent $56,987.56. If the answer is in percentage terms i.e., 10.4478% report 10.45% If the answer is in times i.e., 4.783 report 4.78 times. You need to be very precise with rounding and reporting. For instance, if the answer is 9 times you must report 9.00, the homework grading program will count 9 as incorrect, it would count 9.0 as incorrect, everything must be carried or rounded to two decimal places. Another example, if the answer is $48,000, you must report 48,000.00 Problem 9: Complete the following income statement for Pa Bell Corporation: Problem 9: Pa Bell Corporation Sales Cost of Goods Sold Depreciation Interest Tax Rate Taxes Net Income (9) Dividends Addition to Retained Earnings (96) $ 652,500 $ 350,640 $ 100,000 $ 120,000 40% $ 25,000 9a. The net income for Pa Bell is $ 9a. Points: 5 9b. The Addition to Retained Earnings for Pa Bell is $ 9b. Points: 5

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