Hello.

This is only part 1 of a 2 part question. If 1 individual could pick up that would be great. I cannot have access to the second part until I answer the first part.

Please pardon the screen shots, if it is easier for you to put it into an excel spreadsheet please feel free to do so.

The sooner I can get this information back the better it is for me. I am sorry for the short notice.

Thank you,

Katie

Accounting Records: Account Title Net sales Dividends Interest Gain on sale of stock Key-person life insurance proceeds Cost of goods sold Salaries and wages Bad debts Payroll taxes Interest expense Charitable contributions Depreciation Other expenses Federal income taxes Net income Total Book income Debit Credit $3,850,000 20,000 (1) 15,000 (2) 29,000 (3) 110,000 1,900,000 490,000 10,000 (4) 85,000 32,000 (5) 140,000 (6) 80,000 (7) 45,000 (8) 374,595 867,405 $4,024,000 $4,024,000 Additional Information: The following additional information applies. 1. Corporation, a 30%-owned domestic corporation. 2. Dividends were from Pluto Interest revenue consists of interest on corporate bonds, $ 9 comma 000 ; and municipal bonds, $ 6 comma 000 . 3. The stock is a capital asset held for three years prior to sale. 4. Raleigh uses the specific writeoff method of accounting for bad debts. 5. Interest expense consists of $ 29 comma 000 interest incurred on funds borrowed for working capital and $ 3 comma 000 interest on funds borrowed to purchase municipal bonds. 6. paid all contributions in cash during the current year to State University. 7. Raleigh Raleigh calculated depreciation per books using the straight-line method. For income tax purposes, depreciation amounted to $ 95 comma 000 . 8. Other expenses include premiums of $ 9 comma 000 on the key-person life insurance policy covering Raleigh 's president, who died in December. 9. . 10. Rocket has a $ 15 comma 000 NOL carryover from prior years. Qualified production activities income is $ 225 comma 000