journal entries

Question Completion Status: QUESTION 25 Value for Less Decor Inc. is an American fumiture chain with about 300 stores across the United States, Canada, Europe, the Middle East, and Asia. It was founded in 1932 by two bre The following information was included on Value for Less's' Financial Statements for the year ended June 30, 2021. This is NOT a trial balance. It is a list of accounts as they appeares as of and for the year ended June 30, 2021. All amounts represent normal balances (eg, accounts payable has a credit balance of $25,595). Note that the Retained Earnings balance Value for Less Decor declared dividends of $16,394 during the year ended June 30, 2021. What is Net Income for the fiscal year ended June 30, 2021? (Provide details) Accounts payable Accounts receivable Accrued expenses Accumulated depreciation Allocance for doubtful accounts Cash Common stock Cost of sales Deferred revenues Intangible assets interest expense 25,595 10,857 18,534 329,884 550 72,276 Inventory Long-term debt Other current liabilities Prepaid epenses Property, plant and equipment Retained earnings Revenues 380,750 300,805 64,031 45,128 Treasury stock 2.300 SGA expense Tax expense Grari 127,790 155,747 31,074 23,483 675,904 630,189 589,837 252,700 5,289 680,916