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I need some help with the following information. Thanks in advance! selling exp. 1,900,000 allowance for bad debts 45,000 additional paid-in cap. 800,000 income tax
I need some help with the following information. Thanks in advance!
selling exp. | 1,900,000 | allowance for bad debts | 45,000 | additional paid-in cap. | 800,000 | income tax | 68,880 |
acc. payable | 577,000 | payroll tax exp. | 30,000 | acc. rec. | 760,000 | cash | 172,000 |
interest exp. | 151,000 | investment income | 79,000 | marketable security | 729,000 | common stock ($2 par) | 400,000 |
research exp. | 200,000 | land | 278,000 | ret. earnings | 178,000 | merch. inv. | 500,000 |
dividends declared and paid | 20,000 | building | 971,120 | notes pay. ($50,000 will be repaid in the next yr.) | 600,000 | accum. dep. in building | 200,000 |
treasury stocks | 60,000 | prepaid insurance | 20,000 | CGS | 4,700,000 | ||
admin. exp. | 800,000 | bonds pay. | 500,000 | sales | 7,921,000 |
Prepare an income statement and statement of changes in stockholders' equity for the year ended December 31, 2012, and a balance sheet at December 31, 2012, for Shae, Inc.
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