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Income statement data: Advertising expense $150,000 Cost of merchandise sold 3,700,000 Delivery expense 30,000 Depreciation expenseoffice buildings and equipment 30,000 Depreciation expensestore buildings and equipment
Income statement data: | |
Advertising expense | $150,000 |
Cost of merchandise sold | 3,700,000 |
Delivery expense | 30,000 |
Depreciation expenseoffice buildings and equipment | 30,000 |
Depreciation expensestore buildings and equipment | 100,000 |
Dividend revenue | 4,500 |
Gain on sale of investment | 4,980 |
Income from Pinkberry Co. investment | 76,800 |
Income tax expense | 140,500 |
Interest expense | 21,000 |
Interest revenue | 2,720 |
Miscellaneous administrative expense | 7,500 |
Miscellaneous selling expense | 14,000 |
Office rent expense | 50,000 |
Office salaries expense | 170,000 |
Office supplies expense | 10,000 |
Sales | 5,254,000 |
Sales commissions | 185,000 |
Sales salaries expense | 385,000 |
Store supplies expense | 21,000 |
Retained earnings and balance sheet data: | |
Accounts payable | $194,300 |
Accounts receivable | 545,000 |
Accumulated depreciationoffice buildings and equipment | 1,580,000 |
Accumulated depreciationstore buildings and equipment | 4,126,000 |
Allowance for doubtful accounts | 8,450 |
Available-for-sale investments (at cost) | 260,130 |
Bonds payable, 5%, due 20Y2 | 500,000 |
Cash | 246,000 |
Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) | 2,000,000 |
Dividends: | |
Cash dividends for common stock | 155,120 |
Cash dividends for preferred stock | 100,000 |
Goodwill | 500,000 |
Income tax payable | 44,000 |
Interest receivable | 1,125 |
Investment in Pinkberry Co. stock (equity method) | 1,009,300 |
Investment in Dream Inc. bonds (long term) | 90,000 |
Merchandise inventory (December 31, Year 1), at lower of cost (FIFO) or market | 778,000 |
Office buildings and equipment | 4,320,000 |
Paid-in capital from sale of treasury stock | 13,000 |
Excess of issue price over parcommon stock | 886,800 |
Excess of issue price over parpreferred stock | 150,000 |
Preferred 5% stock, $80 par (30,000 shares authorized; 20,000 shares issued) | 1,600,000 |
Premium on bonds payable | 19,000 |
Prepaid expenses | 27,400 |
Retained earnings, January 1, Year 1 | 9,319,725 |
Store buildings and equipment | 12,560,000 |
Treasury stock (5,400 shares of common stock at cost of $33 per share) | 178,200 |
Unrealized gain (loss) on available-for-sale investments | (6,500) |
Valuation allowance for available-for-sale investments | (6,500) |
Please help me fill in only the below information:
If required, only use the minus sign to indicate loss before income tax, net loss, or a deficit balance in retained earnings.
Gross profit S S Total selling expenses Total administrative expenses si $ Total operating expenses Income from operations S Net other expenses and income S S Income tax Net income Earnings per common share (rounded to the nearest cent) Retained earnings, January 1, Year 1 $ $ $ Total current assets 09 Investment in Dream Inc. bonds 69 Total property, plant, and equipment Total assets Total current liabilities Net long-term liabilities S Total liabilities S Total paid-in capital preferred 5% stock Total paid-in capital common stock, $20 par $ $ $ Total paid-in capital Retained earnings, December 31, Year 1 69 Total stockholders' equity 09Step by Step Solution
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