Dominick Lopez operates a consulting firm called Tech Today. On August 31, the company's financial information is shown below. Use this information to prepare an August income statement for the business. (Input all amounts as positive values. Omit the "$" sign in your response.)

Cash	$	8,360	Dividends	$	3,000
Accounts receivable		17,000	Consulting fees earned		17,000
Office supplies		3,250	Rent expense		4,550
Land		46,000	Salaries expense		8,000
Office equipment		18,000	Telephone expense		560
Accounts payable		8,000	Miscellaneous expenses		280
Common Stock		4,000	Owner investments in company		80,000

TECH TODAY Income Statement For Month Ended August 31
Revenues:
(Click to select)Owner investmentsSalaries expenseMiscellaneous expensesRent expenseTelephone expenseConsulting fees earned		$
Expenses:
(Click to select)Rent expenseTelephone expenseSalaries expenseOffice suppliesConsulting fees earnedMiscellaneous expenses	$
(Click to select)Office suppliesSalaries expenseConsulting fees earnedMiscellaneous expensesTelephone expenseRent expense
(Click to select)Salaries expenseTelephone expenseConsulting fees earnedMiscellaneous expensesOffice suppliesRent expense
(Click to select)Telephone expenseMiscellaneous expensesRent expenseSalaries expenseOffice suppliesConsulting fees earned
Total expenses
(Click to select)Net incomeNet loss		$

12.

value: 1 points

Dominick Lopez operates a consulting firm called Tech Today. On August 31, the companys records show the following accounts and amounts for the month of August. Use this information prepare an August statement of retained earnings for Tech Today. (The owner invested $84,000 cash in the company in exchange for common stock during the first week of August.) (Leave no cells blank - be certain to enter "0" wherever required. Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

Cash	$	8,360	Dividends	$	3,000
Accounts receivable		17,000	Consulting fees earned		17,000
Office supplies		3,250	Rent expense		4,550
Land		46,000	Salaries expense		8,000
Office equipment		18,000	Telephone expense		560
Accounts payable		8,000	Miscellaneous expenses		280
Common Stock		4,000	Owner investments in company		80,000

TECH TODAY Statement of Retained Earnings For Month Ended August 31
(Click to select)Add: Cash dividendsAdd: Owner investmentsRetained earnings, July 31Less: Cash dividendsRetained earnings, August 31	$
(Click to select)Add: Net incomeLess: Net income
(Click to select)Retained earnings, August 31Add: Cash dividendsRetained earnings, July 31Add: Owner investmentsLess: Cash dividends
(Click to select)Retained earnings, August 31Add: Cash dividendsLess: Cash dividendsAdd: Owner investmentsRetained earnings, July 31	$

Dominick Lopez operates a consulting firm called Tech Today. On August 31, the companys records show the following accounts and amounts for the month of August. Use this information to prepare an August 31 balance sheet for Tech Today. (Be sure to list the assets and liabilities in order of their liquidity.Omit the "$" sign in your response.)

Cash	$	8,360	Dividends	$	3,000
Accounts receivable		17,000	Consulting fees earned		17,000
Office supplies		3,250	Rent expense		4,550
Land		46,000	Salaries expense		8,000
Office equipment		18,000	Telephone expense		560
Accounts payable		8,000	Miscellaneous expenses		280
Common Stock		84,000

TECH TODAY Balance Sheet August 31
Assets
(Click to select)CashAccounts payableOffice equipmentCommon stockOffice supplies	$
(Click to select)Accounts payableAccounts receivableOffice equipmentCommon stockOffice supplies
(Click to select)Accounts payableOffice suppliesAccounts receivableOffice equipmentCash
(Click to select)Office suppliesAccounts receivableAccounts payableOffice equipmentCash
(Click to select)LandCommon stockAccounts receivableOffice equipmentAccounts payable
Total Assets	$
Liabilities
(Click to select)Accounts receivableAccounts payableOffice suppliesCommon stockOffice equipment	$
Equity
(Click to select)Common stockAccounts payableOffice suppliesCashAccounts receivable
(Click to select)Accounts receivableCashRetained earningsAccounts payableOffice supplies
Total Liabilities & Equity	$

Compute the missing amount for each of the following separate companies a through d. (Negative amounts should be indicated by a minus sign. Omit the "$" sign in your response.)

		(a)		(b)		(c)		(d)
Equity, December 31, 2010	$	0	$	0	$	0	$	0
Owner investments during the year		120,000				87,000		210,000
Dividends during the year				(54,000)		(10,000)		(55,000)
Net income (loss) for the year		31,500		81,000		(4,000)
Equity, December 31, 2011	$	102,000	$	99,000	$		$	110,000

(d)

0

210000

(55000)

?

110000