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Part 03 - Extra Credit - 7 Points Partial Information Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Before Tax #s 255,000 650,000 750,000 252,000

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Part 03 - Extra Credit - 7 Points Partial Information Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Before Tax #s 255,000 650,000 750,000 252,000 Add. PIC-C/S Add. PIC - P/S Allowance for Doubtful Accounts 10,000 15,000 25,000 Amortization Expense - Patent Office Supplies Expense Bonds Payable 100,000 1,200,000 350,000 Cash Common Stock Customer Deposits 3,500,000 3,583,000 600,000 Cost of Goods Sold Depreciation Expense Discontinued Operations (Loss) 700,000 450,000 400,000 5,000 Discounts on Notes Payable Dividend Revenue 65,000 Loss on Sale of Equipment Interest Expense 800,000 88,000 Interest Revenue Inventory Investments Gain on Sale of Land Notes Payable (short-term) Patent Preferred Stock Premium on Bonds Payable Prepaid Insurance Property. Plant. & Equipment Retained Earnings Salary Expense Sales Sales Discounts | Sales Retums & Allowances Treasury Stock 500,000 90,000 300,000 3,000,000 145,000 165,000 72,000 18,000 150,000 3,000,000 2.208, 100 1,200,000 9,700,000 200,000 200,000 650,000 Unrealized Loss Short-Term Equity Investments Unearned Revenue Coffee Expense 300.000 760,000 250,000 ***** Tax Rate => 20% Net Income Income from Operations Total Operating Expenses (Selling & Admin. Expenses). Gross Margin (Gross Profit). Income from Continuing Operations (After Taxes) _ Part 03 - Extra Credit - 7 Points Partial Information Accounts Payable Accounts Receivable Accrued Liabilities Accumulated Depreciation Before Tax #s 255,000 650,000 750,000 252,000 Add. PIC-C/S Add. PIC - P/S Allowance for Doubtful Accounts 10,000 15,000 25,000 Amortization Expense - Patent Office Supplies Expense Bonds Payable 100,000 1,200,000 350,000 Cash Common Stock Customer Deposits 3,500,000 3,583,000 600,000 Cost of Goods Sold Depreciation Expense Discontinued Operations (Loss) 700,000 450,000 400,000 5,000 Discounts on Notes Payable Dividend Revenue 65,000 Loss on Sale of Equipment Interest Expense 800,000 88,000 Interest Revenue Inventory Investments Gain on Sale of Land Notes Payable (short-term) Patent Preferred Stock Premium on Bonds Payable Prepaid Insurance Property. Plant. & Equipment Retained Earnings Salary Expense Sales Sales Discounts | Sales Retums & Allowances Treasury Stock 500,000 90,000 300,000 3,000,000 145,000 165,000 72,000 18,000 150,000 3,000,000 2.208, 100 1,200,000 9,700,000 200,000 200,000 650,000 Unrealized Loss Short-Term Equity Investments Unearned Revenue Coffee Expense 300.000 760,000 250,000 ***** Tax Rate => 20% Net Income Income from Operations Total Operating Expenses (Selling & Admin. Expenses). Gross Margin (Gross Profit). Income from Continuing Operations (After Taxes) _

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