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Lady Bug Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Account Debit Credit Retained Earnings, Beginning Balance $3,800,000 Accumulated Other Comprehensive Income,

Lady Bug Products, Inc.
Trial Balance (Partial)
For the Year Ended December 31
Account Debit Credit
Retained Earnings, Beginning Balance $3,800,000
Accumulated Other Comprehensive Income, Beginning Balance 101,000
Dividends $84,000
Sales 3,400,000
Interest Income 46,000
Dividend Income 20,000
Gain on Disposal of Plant Assets 106,000
Unrealized Gain on Trading Investments 94,000
Unrealized Gain on Available-for-Sale Bonds before Tax 63,000
Gain due to Flood Damage before Tax 127,000
Cost of Goods Sold 775,000
Selling Expenses 22,000
Office Supplies Expense 127,000
Amortization Expense 38,000
Sales Salaries Expense 69,000
Advertising Expense 78,000
Office Salaries Expense 96,000
Depreciation Expense 76,000
Accounting and Legal Fees 10,500
Systems Consulting Fees 56,000
Interest Expense 35,000
Loss on Asset Impairment 22,000
Loss on Sale of Discontinued Operations before Tax 108,000

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Lady Bug Products, Inc. Statement of Stockholders' Equity For the Year Ended December 31 \begin{tabular}{|c|c|c|c|c|} \hline & CommonStock & RetainedEarnings & AccumulatedOtherComprehensiveIncome(Loss) & TotalStockholdersEquity \\ \hline Balance, January 1 & 16250000 & 380000 & 101,000 & 5,526,000 \\ \hline Net Income & \multirow{4}{*}{370,000} & 3551500 & & 370000 \\ \hline Issuance of Common Stock & & & & 370000 \\ \hline Gain on Sale of Property & & & & \\ \hline Dividends Declared & & & & \\ \hline Balance, December 31 & & & & \\ \hline \end{tabular}

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