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Please answer all parts The following list of accounts was prepared for Tile, Etc., Incorporated on December 31, Year 2, after all account adjustments had

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The following list of accounts was prepared for Tile, Etc., Incorporated on December 31, Year 2, after all account adjustments had been made: Tile, Etc. had the following transactions in Year 3: 1. Purchased merchandise on account for $610,000. 2. Sold merchandise that cost $450,000 for $950,000 on account. 3. Sold for $275,000 cash merchandise that had cost $172,000. 4. Sold merchandise for $220,000 to credit card customers. The merchandise had cost $108,000. The credit card company charges a 4 percent fee. 5. Collected $680,000 cash from accounts receivable. 6. Paid $640,000 cash on accounts payable. 7. Paid $151,000 cash for selling and administrative expenses. 8. Collected cash for the full amount due from the credit card company (see item 4). 9. Loaned $90,000 to J. Parks. The note had an 9 percent interest rate and a one-year term to maturity. 10. Wrote off $8,100 of accounts as uncollectible. 11. Made the following adjusting entries: (a) Recorded uncollectible accounts expense estimated at 1 percent of sales on account. (b) Recorded seven months of accrued interest on the note at December 31, Year 3 (see item 9). Required: a. Organize the transaction data in accounts under an accounting equation. b. Prepare an income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows for Year 3. Organize the transaction data in accounts under an accounting equation. Note: Enter any decreases to account balances with a minus sign. Not all cells require input. nM-M Prepare a statement of changes in stockholders' equity for Year 3

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