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Question Lady Bug Products, in provided the following information from its current-year trial balance 21! (Click the icon to view the year and trial balance) Lady Bug issued $390,000 of no por common stock on June 30 of the current year. The company is subject to a 40% income tax rate. The beginning balance in common stock was $1.500.000 Read the requirement Accumulated Other Total Common Retained Comprehensive Stockholders Stock Earnings Income (Loss) Equity Balance, January 1 Balance, December 31 Chark Answer Lady Bug Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Debit Credit Account Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance Dividends Sales $ 4,000,000 107.000 76,000 2,600,000 $ Interest Income Dividend Income Gain on Disposal of Plant Assets 40,000 26.000 118.000 89.000 47,000 121,000 800,000 32,000 137,000 34.000 73,000 Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax Gain due to Flood Damage Before Tax Cost of Goods Sold Seling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Depreciation Expense Accounting and Legal Fees Systems Consulting Fees Interest Expense Loss on Asset Impairment Loss on Sale of Discontinued Operations Before Tax 68,000 80,000 84.000 11,000 56,000 29,000 14,000 92,000 Question Lady Bug Products, in provided the following information from its current-year trial balance 21! (Click the icon to view the year and trial balance) Lady Bug issued $390,000 of no por common stock on June 30 of the current year. The company is subject to a 40% income tax rate. The beginning balance in common stock was $1.500.000 Read the requirement Accumulated Other Total Common Retained Comprehensive Stockholders Stock Earnings Income (Loss) Equity Balance, January 1 Balance, December 31 Chark Answer Lady Bug Products, Inc. Trial Balance (Partial) For the Year Ended December 31 Debit Credit Account Retained Earnings, Beginning Balance Accumulated Other Comprehensive Income, Beginning Balance Dividends Sales $ 4,000,000 107.000 76,000 2,600,000 $ Interest Income Dividend Income Gain on Disposal of Plant Assets 40,000 26.000 118.000 89.000 47,000 121,000 800,000 32,000 137,000 34.000 73,000 Unrealized Gain on Trading Investments Unrealized Gain on Available-for-Sale Bonds Before Tax Gain due to Flood Damage Before Tax Cost of Goods Sold Seling Expenses Office Supplies Expense Amortization Expense Sales Salaries Expense Advertising Expense Office Salaries Expense Depreciation Expense Accounting and Legal Fees Systems Consulting Fees Interest Expense Loss on Asset Impairment Loss on Sale of Discontinued Operations Before Tax 68,000 80,000 84.000 11,000 56,000 29,000 14,000 92,000