Enter account numbers only. account titles will self populate Apollo Shoes, hac Worting Ina Balance become Statement 1231/2017 Wi identity adjustments in Assignment 3 Acct. Accot Title Adestrents WP Ret 12/31/2016 Audited 12/31/2017 haudited 12/31/2017 Audited REVENUE 40000 Sales 41000 Sales Retums 420.00 Warranty Expense A11 A11 A1.1 246,172,918.44 242,713,452.89 (4.497,583.20) (11,100,220.89) (1,100,281.48) (1,158,128.47) 242,713,452.88 (11,100,220.89) (1,158,128.47) Net Sales 240,575,053.76 230,455,103.52 220,455,103.72 COST OF GOODS SOLD #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE AVALE Total CGS Gross Mary 240,575,053.76 230,455, 103.52 OPERATNG EXPENSES #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE #VALUE #VALUE AVALE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE NALLE Total Operating Expenses Net Income from Operations 240,575,053.76 220,455,103.72 OTHER NCOHE (EXPENSE) #VALUE #VALUE #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE Total Other come Expenses) Nethcome before Tax #VALUE NALLE PVALUE NVALUE PVALUE NALE TAXES #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE / Total Taxes Nethcome VALUE PALLE VALUE PALLE PVALUE PALLE Apollo Shoes, lec Worting Trial Balance Balance Sheet 12/31/2017 Acct Acestreats Account Title WP Ret 1281/2016 Audited 1211/2017 audited 1281/2017 Audited ASSETS PVALUE PVALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PPVALUE #VALUE #VALUE #VALUE #VALUE #VALUE NALLE Total Assets LABLES #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PPVALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE PVALUE #VALUE NALLE Total Listies OWNER'SEQUITY PVALUE #VALUE PVALUE PVALUE #VALUE - NALE A2.1 Net hcome Total Owner's Esity PVALUE NALE VALUE AVALE Total Liabilities & Equity AVALE AVALUEI AVALE AVALUE MALLE #VALUE Introduction Apollo Shoes, Inc. is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report. You are to assume the role of a staff auditor at Anderson, Olds, and Watershed (AOWICPAs and work on the financial audit of a client, Apollo Shoes, Inc. This assignment focuses on the planning process of the audit. This assignment contains various communications from the Darlene Wardlaw, Engagement Manager at AOW CPAs. Each communication contains certain assignment requirements highlighted in bold. The documents mentioned in the Attachments section of a communication are available in the Content area of D2L in Apollo Shoes module. The information in this assignment is sequential in nature. In other words, pay close attention to information disclosed early in the audit (for example, in the Board of Directors' meeting minutes) as it may play a role in subsequent audit work contained in other assignments. Limitations of the case: While the case is as realistic as possible, you are unable to follow up directly with client personnel. Therefore, you will have to rely on evidence provided to you through D2L. in an actual audit, you would be able to inquire, observe, and otherwise follow-up on any questions that you have until you feel comfortable relying on the evidence. Also, to make sure that the case can be completed in a reasonable amount of time, most of the audit sampling is already done for you Understand that audit sampling plays a large role in actual audit practice and you might have to be directly involved with the sampling procedures. PART 1: You do not have to submit anything for this part. However, reviewing the items mentioned in the following communications is essential in order to respond to the requirements of this assignment as well as future assignments (5 points) Date: 21 OCT 2017 00:42:35+0000 From: "Darlene Wardlaw OW W ARA Subject: Upcoming Apollo Shoes Engagement Attachments: Minutes of the Audit Committee.pdf>>>, >, >, >, >, > Well, first let me congratulate you on your recent promotion. Although we have not worked on an engagement together before, I have heard many good things about you. I look forward to working with you on the new Apollo Shoes engagement. I understand that this is your first engagement to in-charge. Arnold Anderson (aka "Uncle Arnie" will be the engagement partner; he is pretty share so you'll have to stay on your toes. As engagement manager, i'll try to belut as much as I can. Understand, however, that I am managing four other busy season engagements, so my interaction time with you will be limited. For now, I want you to familiarize yourself with Apollo Shoes by reviewing the following items: B A Audit Committee Meeting: Review the audit committee's meeting minutes for important information discussed during the meeting L etter to Fellow Shareholders: Review the shareholder letter as it contains a broad overview of the firm's operations throughout the year. c 2016 Form 10-K of Apollo Shoes filed with the SEC. Review the information contained in Apollo's last year's Form 10-K as it is one of the most important sources of information about a company D. Organization Chart: Review Apollo's organization chart to develop an understanding of its chain of command and key personnel Accounting and Procedures Manual: Review the Accounting and Control Procedures Manual of Apollo to develop an understanding of their policies and procedures related to accounting activities. F. Apollo Shoes Minutes: The board of directors met twice during the period under audit, January 1 through December 31, and once after that. Review these minutes as they provide a history of every important event and transaction that Apollo has undergone during the year under audit. Pay close attention to matters discussed in the meetings that are relevant for the audit of the 2017 financial statements as you will have to keep them in mind when performing the audit. Finally, since most of our interaction will be by e-mail, please forgive me if I give you too much detail. Since we haven't worked together before, I'd rather give you too much than too little until we get used to working together. DW PART 2: Prepare comparative financial statements using the template provided. (20 points) Date: 14 JAN 2018 08:49:35-0000 From: 'Darlene Wardlaw" COWBORA Subject: Apollo Shoes Trial Balances Attachments: >, > Use 2017 and 2016 trial balances to prepare two workpapers in MS Excel. One for the comparative .e., two-year) income statement (A2.1), and one for the comparative balance sheet (A2.2). Please follow the template provided for proper formatting. The template does most of the work for you, you just b e to enter the data. I think I have posted the first entry for you as an example. Be careful about the calculations; I did not validate the integrity of some formulas. We will worry about the adjusting entries later. Once you are done, just initial in the Prepared by field and enter the date of completion so that I can review it WP index # A11 Apollo Shoes, hec Preclosing Trial Balance (audited) As of the year end December 31, 2016 Prepared by: Reviewed by: H DW Date 4152018 918/2018 AccouD Account Description Debit Art Credit Anot 1,987.28 198,116.52 3,44,958.13 16,410,902.71 1,262,819.88 18,825,215.24 3,012,000.00 743,314.38 200,000.00 7,406.82 117,000.00 623,915.92 433,217.10 163,500.00 572,691.18 53,840.59 4,633,118.09 29,470.32 1,318.69 583.99 6,033.01 2,815.47 10100 Cash on Hand 10200 Regular Checking Account 10300 Payrol Checking Account 10400 Savings Account 11000 Accounts Receivable 11400 Other Receivables 11500 Alowance for Doubtft Accounts 12000 Inventory - Spotlight 12300 Reserve for hventory Obsolescence 14100 Prepaid Insurance 14200 Prepaid Rent 14300 Office Supplies 14400 Notes Receivable-Cument 14700 Other Current Assets 15000 Land 15100 Buildings and Land Improvements 15200 Machinery, Equipment, Olice Furniture 17000 Accum. Depreciation 19000 Ivestments 19900 Other Noncurrent Assets 20000 Accounts Payable 23100 Sales Tax Payable 23200 Wages Payable 23300 FICA Employee Withholing 23350 Medicare Withholding 23400 Federal Payroll Taxes Payable 2X500 FUTA Tax Payable 23600 State Payroll Taxes Payable 23700 SUTA Tax Payable 23900 FICA Employer Withholfing 23900 Medicare Employer Withholding 24100 Line of Credit 24200 Current Portion Long-Term Debt 24700 Other Cument Liabities 27000 Notes Payable Noncurrent 39003 Common Stock 39.014 Paid in Capital 39005 Retained Eamings 40.000 Sales 41000 Sales Retums 42000 Warranty Expense 45000 Income from Westments 46000 Interest Income 47000 Miscellaneous Income 50000 Cost of Goods Sold 57500 Freight 60000 Advertising Expense 61000 Auto Expenses 62000 Research and Development 64000 Depreciation Expense 64500 Warehouse Salaries 65000 Property Tax Expense 66000 Legal and Professional Expense 67000 Bad Debt Expense BEIDD Insurance Expense 70000 Maintenance Expense 70100 U ties 70110 Phone 70120 Postal 71000 Miscellaneous Ofice Expense 72000 Payroll Tax Exp 7200 Pension Profi-Sharing Plan Ex 74000 Rent or Lease Expense 77500 Administrative Wages Expense 78000 Interest Expense 78500 Income Tax Expense - Federal 78510 Income Tax Expense - State 80000 Loss on Legal Settlement 1,318.69 583.99 10,000,000.00 8,105,000.00 7,423,000.00 2,219,620.65 246,172,918.44 4,497,583.20 1,100,281.48 214,302.81 141,569,221.61 4,312,951.46 897,140.01 218,974.39 31,212,334.17 133,000.00 4,633,383.82 80,495.32 3,605,133.96 1,622,425.99 853,942.65 61,136.14 135,642.99 76,373.78 128,033.21 17,023.27 1,550,989.06 3,000,000.00 2,603,485.87 16,875,305.98 875,000.00 2,365,000.00 429,000.00 19,172,000.00 283,238,404.03 283,238,404.03 WP index # Apollo Shoes, ac Preclosing Trial Balance ( dited) As of the year end December 31, 2017 Prepared by: Reviewed by: AccouD Account Description Debit Amount Credit Amount 2,275.23 557,125.92 3,645,599.15 51,515,259.98 1,250,000.00 1,239,009.75 67,724,527.50 846,000.00 3,424,213.78 8,540.00 117,000.00 674,313.92 2,929,197.13 619,500.00 1,998,780.39 53,840.59 1,922,095.91 8,439.65 11.414.99 118,696.12 55,106.86 10100 Cash on Hand 10200 Regular Checking Account 10300 Payrol Checking Account 10400 Savings Account 11000 Accounts Receivable 11400 Other Receivables 11500 Allowance for Doubtful Accounts 12000 nentory 12300 Reserve for hventory Obsolescence 14100 Prepaid Insurance 14200 Prepaid Rent 14300 Office Supplies 14400 Notes Receivable-Cument 14700 Other Current Assets 15000 Land 15100 Buildings and Land Improvements 15200 Machinery, Equipment, Ollice Fumiture 17000 Accum. Depreciation 19000 Ivestments 19900 Other Noncurrent Assets 20000 Accounts Payable 23100 Sales Tax Payable 23200 Wages Payable 23300 FICA Employee Withholing 23350 Medicare Withholding 23400 Federal Payroll Taxes Payable 2X500 FUTA Tax Payable 23600 State Payroll Taxes Payable 23700 SUTA Tax Payable 23900 FICA Employer Withholfing 23900 Medicare Employer Withholding 24100 Line of Credit 24200 Current Portion Long-Term Debt 24700 Other Cument Liabities 27000 Notes Payable Noncurrent 39003 Common Stock 39.014 Paid in Capital 39005 Retained Eamings 40.000 Sales 41000 Sales Retums 42000 Warranty Expense 45000 Income from Westments 46000 Interest Income 47000 Miscellaneous Income 50000 Cost of Goods Sold 57500 Freight 60000 Advertising Expense 61000 Auto Expenses 62000 Research and Development 64000 Depreciation Expense 64500 Warehouse Salaries 65000 Property Tax Expense 66000 Legal and Professional Expense 67000 Bad Debt Expense BEIDD Insurance Expense 70000 Maintenance Expense 70100 U ties 70110 Phone 70120 Postal 71000 Miscellaneous Ofice Expense 72000 Payroll Tax Exp 7200 Pension Profi-Sharing Plan Ex 74000 Rent or Lease Expense 77500 Administrative Wages Expense 78000 Interest Expense 78500 Income Tax Expense - Federal 78510 Income Tax Expense - State 80000 Loss on Legal Settlement 8,439.65 11,414.99 44,403,000.00 12,000,000.00 8,105,000.00 7,423,000.00 6,590,983.64 242,713,452.88 11,100,220.89 1,158,128.47 1,426,189.31 131,881.46 2,166,000.00 130, 196,645.26 4,240,263.09 1,036,854.01 210,512.80 528.870.44 446,000.00 4,720,715.56 99,332.45 4,913,224.45 36,106.92 35,512.87 137.332.18 52,599.02 77,803.61 24,891.82 1,577.811.85 3,300,000.00 1,206,574.00 16,197,225.43 2,591,736.50 8,900,000.00 3,100,000.00 329,788,915.21 329,788,915.21 Enter account numbers only. account titles will self populate Apollo Shoes, hac Worting Ina Balance become Statement 1231/2017 Wi identity adjustments in Assignment 3 Acct. Accot Title Adestrents WP Ret 12/31/2016 Audited 12/31/2017 haudited 12/31/2017 Audited REVENUE 40000 Sales 41000 Sales Retums 420.00 Warranty Expense A11 A11 A1.1 246,172,918.44 242,713,452.89 (4.497,583.20) (11,100,220.89) (1,100,281.48) (1,158,128.47) 242,713,452.88 (11,100,220.89) (1,158,128.47) Net Sales 240,575,053.76 230,455,103.52 220,455,103.72 COST OF GOODS SOLD #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE AVALE Total CGS Gross Mary 240,575,053.76 230,455, 103.52 OPERATNG EXPENSES #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE #VALUE #VALUE AVALE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE NALLE Total Operating Expenses Net Income from Operations 240,575,053.76 220,455,103.72 OTHER NCOHE (EXPENSE) #VALUE #VALUE #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE Total Other come Expenses) Nethcome before Tax #VALUE NALLE PVALUE NVALUE PVALUE NALE TAXES #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE / Total Taxes Nethcome VALUE PALLE VALUE PALLE PVALUE PALLE Apollo Shoes, lec Worting Trial Balance Balance Sheet 12/31/2017 Acct Acestreats Account Title WP Ret 1281/2016 Audited 1211/2017 audited 1281/2017 Audited ASSETS PVALUE PVALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PPVALUE #VALUE #VALUE #VALUE #VALUE #VALUE NALLE Total Assets LABLES #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PPVALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE #VALUE PVALUE #VALUE #VALUE PVALUE #VALUE NALLE Total Listies OWNER'SEQUITY PVALUE #VALUE PVALUE PVALUE #VALUE - NALE A2.1 Net hcome Total Owner's Esity PVALUE NALE VALUE AVALE Total Liabilities & Equity AVALE AVALUEI AVALE AVALUE MALLE #VALUE Introduction Apollo Shoes, Inc. is an audit case designed to introduce you to the entire audit process, from planning the engagement to drafting the final report. You are to assume the role of a staff auditor at Anderson, Olds, and Watershed (AOWICPAs and work on the financial audit of a client, Apollo Shoes, Inc. This assignment focuses on the planning process of the audit. This assignment contains various communications from the Darlene Wardlaw, Engagement Manager at AOW CPAs. Each communication contains certain assignment requirements highlighted in bold. The documents mentioned in the Attachments section of a communication are available in the Content area of D2L in Apollo Shoes module. The information in this assignment is sequential in nature. In other words, pay close attention to information disclosed early in the audit (for example, in the Board of Directors' meeting minutes) as it may play a role in subsequent audit work contained in other assignments. Limitations of the case: While the case is as realistic as possible, you are unable to follow up directly with client personnel. Therefore, you will have to rely on evidence provided to you through D2L. in an actual audit, you would be able to inquire, observe, and otherwise follow-up on any questions that you have until you feel comfortable relying on the evidence. Also, to make sure that the case can be completed in a reasonable amount of time, most of the audit sampling is already done for you Understand that audit sampling plays a large role in actual audit practice and you might have to be directly involved with the sampling procedures. PART 1: You do not have to submit anything for this part. However, reviewing the items mentioned in the following communications is essential in order to respond to the requirements of this assignment as well as future assignments (5 points) Date: 21 OCT 2017 00:42:35+0000 From: "Darlene Wardlaw OW W ARA Subject: Upcoming Apollo Shoes Engagement Attachments: Minutes of the Audit Committee.pdf>>>, >, >, >, >, > Well, first let me congratulate you on your recent promotion. Although we have not worked on an engagement together before, I have heard many good things about you. I look forward to working with you on the new Apollo Shoes engagement. I understand that this is your first engagement to in-charge. Arnold Anderson (aka "Uncle Arnie" will be the engagement partner; he is pretty share so you'll have to stay on your toes. As engagement manager, i'll try to belut as much as I can. Understand, however, that I am managing four other busy season engagements, so my interaction time with you will be limited. For now, I want you to familiarize yourself with Apollo Shoes by reviewing the following items: B A Audit Committee Meeting: Review the audit committee's meeting minutes for important information discussed during the meeting L etter to Fellow Shareholders: Review the shareholder letter as it contains a broad overview of the firm's operations throughout the year. c 2016 Form 10-K of Apollo Shoes filed with the SEC. Review the information contained in Apollo's last year's Form 10-K as it is one of the most important sources of information about a company D. Organization Chart: Review Apollo's organization chart to develop an understanding of its chain of command and key personnel Accounting and Procedures Manual: Review the Accounting and Control Procedures Manual of Apollo to develop an understanding of their policies and procedures related to accounting activities. F. Apollo Shoes Minutes: The board of directors met twice during the period under audit, January 1 through December 31, and once after that. Review these minutes as they provide a history of every important event and transaction that Apollo has undergone during the year under audit. Pay close attention to matters discussed in the meetings that are relevant for the audit of the 2017 financial statements as you will have to keep them in mind when performing the audit. Finally, since most of our interaction will be by e-mail, please forgive me if I give you too much detail. Since we haven't worked together before, I'd rather give you too much than too little until we get used to working together. DW PART 2: Prepare comparative financial statements using the template provided. (20 points) Date: 14 JAN 2018 08:49:35-0000 From: 'Darlene Wardlaw" COWBORA Subject: Apollo Shoes Trial Balances Attachments: >, > Use 2017 and 2016 trial balances to prepare two workpapers in MS Excel. One for the comparative .e., two-year) income statement (A2.1), and one for the comparative balance sheet (A2.2). Please follow the template provided for proper formatting. The template does most of the work for you, you just b e to enter the data. I think I have posted the first entry for you as an example. Be careful about the calculations; I did not validate the integrity of some formulas. We will worry about the adjusting entries later. Once you are done, just initial in the Prepared by field and enter the date of completion so that I can review it WP index # A11 Apollo Shoes, hec Preclosing Trial Balance (audited) As of the year end December 31, 2016 Prepared by: Reviewed by: H DW Date 4152018 918/2018 AccouD Account Description Debit Art Credit Anot 1,987.28 198,116.52 3,44,958.13 16,410,902.71 1,262,819.88 18,825,215.24 3,012,000.00 743,314.38 200,000.00 7,406.82 117,000.00 623,915.92 433,217.10 163,500.00 572,691.18 53,840.59 4,633,118.09 29,470.32 1,318.69 583.99 6,033.01 2,815.47 10100 Cash on Hand 10200 Regular Checking Account 10300 Payrol Checking Account 10400 Savings Account 11000 Accounts Receivable 11400 Other Receivables 11500 Alowance for Doubtft Accounts 12000 Inventory - Spotlight 12300 Reserve for hventory Obsolescence 14100 Prepaid Insurance 14200 Prepaid Rent 14300 Office Supplies 14400 Notes Receivable-Cument 14700 Other Current Assets 15000 Land 15100 Buildings and Land Improvements 15200 Machinery, Equipment, Olice Furniture 17000 Accum. Depreciation 19000 Ivestments 19900 Other Noncurrent Assets 20000 Accounts Payable 23100 Sales Tax Payable 23200 Wages Payable 23300 FICA Employee Withholing 23350 Medicare Withholding 23400 Federal Payroll Taxes Payable 2X500 FUTA Tax Payable 23600 State Payroll Taxes Payable 23700 SUTA Tax Payable 23900 FICA Employer Withholfing 23900 Medicare Employer Withholding 24100 Line of Credit 24200 Current Portion Long-Term Debt 24700 Other Cument Liabities 27000 Notes Payable Noncurrent 39003 Common Stock 39.014 Paid in Capital 39005 Retained Eamings 40.000 Sales 41000 Sales Retums 42000 Warranty Expense 45000 Income from Westments 46000 Interest Income 47000 Miscellaneous Income 50000 Cost of Goods Sold 57500 Freight 60000 Advertising Expense 61000 Auto Expenses 62000 Research and Development 64000 Depreciation Expense 64500 Warehouse Salaries 65000 Property Tax Expense 66000 Legal and Professional Expense 67000 Bad Debt Expense BEIDD Insurance Expense 70000 Maintenance Expense 70100 U ties 70110 Phone 70120 Postal 71000 Miscellaneous Ofice Expense 72000 Payroll Tax Exp 7200 Pension Profi-Sharing Plan Ex 74000 Rent or Lease Expense 77500 Administrative Wages Expense 78000 Interest Expense 78500 Income Tax Expense - Federal 78510 Income Tax Expense - State 80000 Loss on Legal Settlement 1,318.69 583.99 10,000,000.00 8,105,000.00 7,423,000.00 2,219,620.65 246,172,918.44 4,497,583.20 1,100,281.48 214,302.81 141,569,221.61 4,312,951.46 897,140.01 218,974.39 31,212,334.17 133,000.00 4,633,383.82 80,495.32 3,605,133.96 1,622,425.99 853,942.65 61,136.14 135,642.99 76,373.78 128,033.21 17,023.27 1,550,989.06 3,000,000.00 2,603,485.87 16,875,305.98 875,000.00 2,365,000.00 429,000.00 19,172,000.00 283,238,404.03 283,238,404.03 WP index # Apollo Shoes, ac Preclosing Trial Balance ( dited) As of the year end December 31, 2017 Prepared by: Reviewed by: AccouD Account Description Debit Amount Credit Amount 2,275.23 557,125.92 3,645,599.15 51,515,259.98 1,250,000.00 1,239,009.75 67,724,527.50 846,000.00 3,424,213.78 8,540.00 117,000.00 674,313.92 2,929,197.13 619,500.00 1,998,780.39 53,840.59 1,922,095.91 8,439.65 11.414.99 118,696.12 55,106.86 10100 Cash on Hand 10200 Regular Checking Account 10300 Payrol Checking Account 10400 Savings Account 11000 Accounts Receivable 11400 Other Receivables 11500 Allowance for Doubtful Accounts 12000 nentory 12300 Reserve for hventory Obsolescence 14100 Prepaid Insurance 14200 Prepaid Rent 14300 Office Supplies 14400 Notes Receivable-Cument 14700 Other Current Assets 15000 Land 15100 Buildings and Land Improvements 15200 Machinery, Equipment, Ollice Fumiture 17000 Accum. Depreciation 19000 Ivestments 19900 Other Noncurrent Assets 20000 Accounts Payable 23100 Sales Tax Payable 23200 Wages Payable 23300 FICA Employee Withholing 23350 Medicare Withholding 23400 Federal Payroll Taxes Payable 2X500 FUTA Tax Payable 23600 State Payroll Taxes Payable 23700 SUTA Tax Payable 23900 FICA Employer Withholfing 23900 Medicare Employer Withholding 24100 Line of Credit 24200 Current Portion Long-Term Debt 24700 Other Cument Liabities 27000 Notes Payable Noncurrent 39003 Common Stock 39.014 Paid in Capital 39005 Retained Eamings 40.000 Sales 41000 Sales Retums 42000 Warranty Expense 45000 Income from Westments 46000 Interest Income 47000 Miscellaneous Income 50000 Cost of Goods Sold 57500 Freight 60000 Advertising Expense 61000 Auto Expenses 62000 Research and Development 64000 Depreciation Expense 64500 Warehouse Salaries 65000 Property Tax Expense 66000 Legal and Professional Expense 67000 Bad Debt Expense BEIDD Insurance Expense 70000 Maintenance Expense 70100 U ties 70110 Phone 70120 Postal 71000 Miscellaneous Ofice Expense 72000 Payroll Tax Exp 7200 Pension Profi-Sharing Plan Ex 74000 Rent or Lease Expense 77500 Administrative Wages Expense 78000 Interest Expense 78500 Income Tax Expense - Federal 78510 Income Tax Expense - State 80000 Loss on Legal Settlement 8,439.65 11,414.99 44,403,000.00 12,000,000.00 8,105,000.00 7,423,000.00 6,590,983.64 242,713,452.88 11,100,220.89 1,158,128.47 1,426,189.31 131,881.46 2,166,000.00 130, 196,645.26 4,240,263.09 1,036,854.01 210,512.80 528.870.44 446,000.00 4,720,715.56 99,332.45 4,913,224.45 36,106.92 35,512.87 137.332.18 52,599.02 77,803.61 24,891.82 1,577.811.85 3,300,000.00 1,206,574.00 16,197,225.43 2,591,736.50 8,900,000.00 3,100,000.00 329,788,915.21 329,788,915.21
