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i need the income statement and balance sheet On December 31, 2012, Powerpump, Inc., had retained earnings $10,000. On January 1, 2013 they had 5000
i need the income statement and balance sheet
On December 31, 2012, Powerpump, Inc., had retained earnings $10,000. On January 1, 2013 they had 5000 shares of capital stock outstanding at $18 per share. They paid dividends of $20,000 in 2013. Their accounts as of December 31, 2013 show the following balances: Acct Payable $38,000 Equipment $20,000 Acct Receivable 10,000 Land 20,000 Accum Depreciation 52,000 Sales 200,000 COGS 128,000 Selling, G&A 34,000 Income Tax Expense 8,000 Long-term debt Cash 40,000 65,000 Merchandise Inventory 37,000 Building 80,000 Interest Expense Pre-paid Insurance 6,000 2,000 Step by Step Solution
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