ellow Lizard Products, Inc.

Trial Balance (Partial)

For the Year Ended December 31

Account

Debit

Credit

Retained Earnings, Beginning Balance

$5,000,000

Accumulated Other Comprehensive Income, Beginning Balance

109,000

Dividends

$78,000

Sales

2,400,000

Interest Income

44,000

Dividend Income

22,000

Gain on Disposal of Plant Assets

108,000

Unrealized Gain on Trading Investments

88,000

Unrealized Gain on Available-for-Sale Bonds before Tax

53,000

Gain due to Flood Damage before Tax

115,000

Cost of Goods Sold

700,000

Selling Expenses

22,000

Office Supplies Expense

133,000

Amortization Expense

48,000

Sales Salaries Expense

59,000

Advertising Expense

78,000

Office Salaries Expense

88,000

Depreciation Expense

82,000

Accounting and Legal Fees

10,100

Systems Consulting Fees

60,000

Interest Expense

27,000

Loss on Asset Impairment

24,000

Loss on Sale of Discontinued Operations before Tax

104,000

calculate white box values these are wrong

Yellow Lizard Products, Inc. provided the following information from its current-year trial balance. (Click the icon to view the year-end trial balance.) Yellow Lizard issued $395,000 of no-par common stock on June 30 of the current year. The company is subject to a 40% income tax rate. The beginning balance in common stock was $1,525,000. Read the requirement