OXLEY COMPANY: A. Oxley's gross accounts receivable balance is $40,000. Of this amount, $34,000 is current and $6,000 is past due. From experience, Oxley expects it will collect 95% of the current accounts and 70% of the past due accounts. Compute Oxley's Accounts Receivable, Allowance for Uncollectible Accounts and then the net realizable value of accounts receivable. _____________________________________________ B. Oxley purchased new land and a building this year for $340,000. Of this amount the value of the land was $34,000 and the value of the building was $306,000 at the time of the purchase. $15,300 depreciation was recorded on the building this year. ________________________________________________ C. Once the above amounts have been computed, determine: 1. Total Current Assets: ________________________________________________ 2. Accumulated Depreciation - Equipment: ______________________________________________ 3. Total Property, Plant and Equipment: _______________________________________________ 4. Total Current Liabilities: ______________________________________________ 5. Mortgage Payable: ________________________________________________ 6. Retained Earnings: ______________________________________________ 7. Total Stockholders' Equity: _____________________________________________ 8. Total Liabilities & Stockholders' Equity: ____________________________________________ 9. Cost of Goods Sold: ______________________________________________ 10. Total Operating Expenses: _______________________________________________ 11. Selling Expenses: _________________________________________________ 12. Income Tax Expense: _______________________________________________ 13. Net Income: ____________________________________________