kes, mermediate Accounting, noe actice Assignment Gradebook ORION Downloadable eTextbook nment CALCULATOR $7,119 7,850 Problem 4-4 The following account balances were included in the trial balance of Culver Corporation at June 30, 2017. Sales revenue $1,595,870 Depreciation expense (office furniture and equipment) Sales discounts 33,040 Property tax expense Cost of goods sold 897,600 Bad debt expense (selling) Salaries and wages expense (sales) 56,520 Maintenance and repairs expense (administration) Sales commissions 98,900 office expense Travel expense (salespersons) 35,200 Sales returns and allowances Delivery expense 23,290 Dividends received Entertainment expense 14,990 Interest expense Telephone and Internet expense (sales) 9,160 Income tax expense Depreciation expense (sales equipment) 4,914 Depreciation understatement due to error-2014 (net of tax) Maintenance and repairs expense (sales) 6,715 Dividends declared on preferred stock Miscellaneous selling expenses 4,689 Dividends declared on common stock Office supplies used 3,656 Telephone and Internet expense (administration) 2,966 4,614 8,347 6,480 58,075 34,910 18,950 107,240 17,738 9,020 39,470 The Retained Earnings account had a balance of $370,560 at July 1, 2016. There are 75,830 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) CULVER CORPORATION Income Statement - Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc DO a M X N 0 P W PLUS Kieso, Intermediate Accounting, 16e RESOURCES Using the multiple-step form, prepare an income statement for the year ended June 30, 2017. (Round earn CULVER CORPORATION Income Statement V 2 (Part Level ) 14 15 (Part mission) 15 4 (Part Level ). 4 7 Its by Study a W Kieso, Intermediate Accounting, 16e OURCES CULVER CORPORATION Retained Earnings Statement rt Level Part art Level py Study Using the single-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings pe CULVER CORPORATION Income Statement w a M Maps 5 New Tab Ru My Grades-BUAD... 3 WileyPLUS WileyPLUS - Wileyp... yPLUS Kieso, Intermediate Accounting, 16e T RESOURCES -2 Prepare a retained earnings statement for the year ended June 30, 2017. (List items that increase adjusted ret 1-9 (Part Level CULVER CORPORATION Retained Earnings Statement 3-14 1-15 (Part mission) -15 1-4 (Part Level re ults by Study Click if you would like to show Work for this question: Open Show Work w kes, mermediate Accounting, noe actice Assignment Gradebook ORION Downloadable eTextbook nment CALCULATOR $7,119 7,850 Problem 4-4 The following account balances were included in the trial balance of Culver Corporation at June 30, 2017. Sales revenue $1,595,870 Depreciation expense (office furniture and equipment) Sales discounts 33,040 Property tax expense Cost of goods sold 897,600 Bad debt expense (selling) Salaries and wages expense (sales) 56,520 Maintenance and repairs expense (administration) Sales commissions 98,900 office expense Travel expense (salespersons) 35,200 Sales returns and allowances Delivery expense 23,290 Dividends received Entertainment expense 14,990 Interest expense Telephone and Internet expense (sales) 9,160 Income tax expense Depreciation expense (sales equipment) 4,914 Depreciation understatement due to error-2014 (net of tax) Maintenance and repairs expense (sales) 6,715 Dividends declared on preferred stock Miscellaneous selling expenses 4,689 Dividends declared on common stock Office supplies used 3,656 Telephone and Internet expense (administration) 2,966 4,614 8,347 6,480 58,075 34,910 18,950 107,240 17,738 9,020 39,470 The Retained Earnings account had a balance of $370,560 at July 1, 2016. There are 75,830 shares of common stock outstanding. Using the multiple-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings per share to 2 decimal places, e.g. 1.48.) CULVER CORPORATION Income Statement - Policy. I 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc DO a M X N 0 P W PLUS Kieso, Intermediate Accounting, 16e RESOURCES Using the multiple-step form, prepare an income statement for the year ended June 30, 2017. (Round earn CULVER CORPORATION Income Statement V 2 (Part Level ) 14 15 (Part mission) 15 4 (Part Level ). 4 7 Its by Study a W Kieso, Intermediate Accounting, 16e OURCES CULVER CORPORATION Retained Earnings Statement rt Level Part art Level py Study Using the single-step form, prepare an income statement for the year ended June 30, 2017. (Round earnings pe CULVER CORPORATION Income Statement w a M Maps 5 New Tab Ru My Grades-BUAD... 3 WileyPLUS WileyPLUS - Wileyp... yPLUS Kieso, Intermediate Accounting, 16e T RESOURCES -2 Prepare a retained earnings statement for the year ended June 30, 2017. (List items that increase adjusted ret 1-9 (Part Level CULVER CORPORATION Retained Earnings Statement 3-14 1-15 (Part mission) -15 1-4 (Part Level re ults by Study Click if you would like to show Work for this question: Open Show Work w