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Please any help in the calculations of Earnings per share and Retained Earnings from the following? Tunstall, Inc, a small service company, keeps its records
Please any help in the calculations of Earnings per share and Retained Earnings from the following?
Tunstall, Inc, a small service company, keeps its records without the help of an accountant. After much effort, an outside accountant prepared the following unadjusted trial balance as of the end of the annual accounting period on December 31: Debat Credit 46,700 11,800 580 680 15,800 9400 9,960 2,300 Tunstall, Inc. Unadjusted Trial Balance for the Year Ended December 31 Cash Accounts receivable Supplies Prepaid insurance Service trucks Accumulated depreciation Other assets Accounts payable Wages payable Income taxes payable Notes payable, long-term Common stock (4.500 shwes outstanding Additional paid.in capital Retained earnings Service revenue Wages expense Remaining expenses not detalectexcludes income tax Income tax expense Totals 12.000 1,875 16.884 4.200 89 490 16,200 33.350 136,070 136,070 TUNSTALL, INC. Income Statement For the Current Year Ended December 31 Operating revenues Service revenue 89,410 420 680 Operating expenses Supplies expense Insurance expense Depreciation expense Wages expense Remaining expenses (not detailed) 3,300 16,760 33,350 54,510 Total expenses Operating income 34,900 5,680 Income tax expense Net income $ 29,220 Earnings per share Assets TUNSTALL, INC. Balance Sheet At December 31 of the Current Year Liabilities and stockholders' equity Current liablities $ 46,700 Accounts payable 11,800 Wages payable 160 $ Current assets Cash Accounts receivable Supplies 2,300 560 Total current assets $ $ 2,860 Accumulated depreciation Other assets Service trucks 58,660 Total current liabilities (12,700) 9,960 16,800 Total liabilities Stockholders' equity Common stock Additional paid-in capital $ 2,860 1,876 16,884 Retained earnings $ Total stockholders' equity Total liabilities and stockholders' equity 18,760 21,620 $ Total assets 72,720 $
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