= Homework: Chapter 5 Homework Question 2, E5-10 (simila... HW Cora's Cookie Company provided the following account balances from its year-end trial balance. Click the icon to view the year-end trial balance.) During the year, Cora issued no-par common stock. The proceeds of the new issue were $30,000. The company is subject to a 40% income Read the requirement For the Current Year Ended December 31 Accumulated Other Total Common Retained Comprehensive Stockholders' Stock Earnings Income (Loss) Equity Balance, January 1 $ 460,000 $ 1,317,000 $ (54,550) S 1,722,450 Net Income 575,160 575,160 Dividends Declared (59,000) (59,000) Issuance of Common Stock 30,000 30,000 Unrealized Gain on Available-For-Sale Securities, Net of Tax 2,160 2,160 Balance, December 31 $ 490,000 $ 1.833,160 (52,390)'2,270,770 - Trial Balance (Selected Accounts) Cora's Cookie Company Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Debit Credit $ 1,317,000 Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance Dividends $ 54,550 59,000 Sales 1,520,000 Interest Income 3,000 Dividend Income 3,550 Gain on Sale of Property 7,000 90,000 27,850 3,600 50,600 475,000 Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax Gain on Sale of Discontinued Operations Before Tax Cost of Goods Sold Selling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense 32,000 56,700 13,000 24,000 23,000 UUUUUUUUUUU TIU ance in common Selling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Depreciation Expense Legal Fees Accounting Fees Interest Expense Loss on Asset Impairment 32,000 56,700 13,000 24,000 23,000 60,000 26,500 7,600 10,800 6,100 8,700 = Homework: Chapter 5 Homework Question 2, E5-10 (simila... HW Cora's Cookie Company provided the following account balances from its year-end trial balance. Click the icon to view the year-end trial balance.) During the year, Cora issued no-par common stock. The proceeds of the new issue were $30,000. The company is subject to a 40% income Read the requirement For the Current Year Ended December 31 Accumulated Other Total Common Retained Comprehensive Stockholders' Stock Earnings Income (Loss) Equity Balance, January 1 $ 460,000 $ 1,317,000 $ (54,550) S 1,722,450 Net Income 575,160 575,160 Dividends Declared (59,000) (59,000) Issuance of Common Stock 30,000 30,000 Unrealized Gain on Available-For-Sale Securities, Net of Tax 2,160 2,160 Balance, December 31 $ 490,000 $ 1.833,160 (52,390)'2,270,770 - Trial Balance (Selected Accounts) Cora's Cookie Company Trial Balance (Selected Accounts) For the Current Year Ended December 31 Account Debit Credit $ 1,317,000 Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance Dividends $ 54,550 59,000 Sales 1,520,000 Interest Income 3,000 Dividend Income 3,550 Gain on Sale of Property 7,000 90,000 27,850 3,600 50,600 475,000 Gain on Disposal of Plant Assets Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax Gain on Sale of Discontinued Operations Before Tax Cost of Goods Sold Selling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense 32,000 56,700 13,000 24,000 23,000 UUUUUUUUUUU TIU ance in common Selling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Depreciation Expense Legal Fees Accounting Fees Interest Expense Loss on Asset Impairment 32,000 56,700 13,000 24,000 23,000 60,000 26,500 7,600 10,800 6,100 8,700