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I need help preparing the Balance Sheet. The adjusted trial balance for Cullumber Paints Ltd. at December 31, 2024, is presented below. Cullumber's income tax
I need help preparing the Balance Sheet. The adjusted trial balance for Cullumber Paints Ltd. at December 31, 2024, is presented below. Cullumber's income tax rate is 25% and journal entries for income tax expense have not yet been prepared. There were no common share transactions during the ytar. 223,200 Cash dividends-common 18,600 Commonshares (22,320 issued ) Contributed surplus - reacquisition of common shares Cost of goods sold Depreciation expense 510.880 316,2009,300 9,300 Dividends payable 35,960 Equipment 117,800 1.240 Gain on sale of equipment Income taxexpense 0 1.054 Incometaxpayable 0 Interest expense 5.766 Merchandise inventory 103490 Office expense 13,640 Other comprehensive income-holding loss on equityinvestment (before incornetux) 6696 Retained earning-Jaruary 1.2024 9.33/14 CULLUMBER PAINTS LTD. Statement of Changes in Shareholders' Equity Year Ended December 31, 2024 List of Accounts Attempts: 2 of 2 used (c) it of Accounts Attempts: 2 of 2 used epare the shareholders' equitx section of thie balance shent at December 31, 2024, Enter negative amounts wing dikner a nestive Prepare the shareholders' equity section of the balances sheet at December 31,2024
I need help preparing the Balance Sheet.
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