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Please help Tibra Inc.'s trial balance Tibra contained the following accounts at December 31, 2021, the end of the company's fiscal year. Accounts ...... ......

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Tibra Inc.'s trial balance Tibra contained the following accounts at December 31, 2021, the end of the company's fiscal year.

Accounts ...... ...... ...... ...... ...... ...... ...... Balances ($)

Accumulated Depreciation-Building.... ...... 128000

Accumulated Depreciation-Equipment........ 35000

Additional Paid in Capital-Common Stock.. 233000

Auditors Fee .... .... .... .... .... .... ..... ..... ..... .. 204000

Buildings.... .... .... .... .... .... ..... ..... ..... ..... ... 403000

Cash .... .... .... .... .... .... ..... ..... ..... ..... ..... .... 177560

Common Stock ($2 each).... .... .... .... .... ..... 101000

Cost of Goods Sold .... .... .... .... ..... .... ....... 1091000

Equipment .... .... .... .... .... .... ..... ..... ..... ..... 214000

Interest Expense .... .... .... .... .... .... ..... ..... .... 22800

Loss on Sale of Property .... .... .... .... .... .... 7360

Merchandise Inventory .... .... ....... .... .... .... 230000

Mortgage Loan .... .... .... .... .... ...... .... .... .... 118000

Rent Revenue .... .... .... .... .... .... ... .... .... .... 53000

Retained Earnings .... .... .... .... ...... .... .... .... 51100

Salaries and Wages Expense .... .... .... .... .... 104000

Sales .... .... .... .... .... .... ..... ..... ....... .... .... .... 1750000

Sales Returns and Allowances ...... .... .... .... 9180

Supplies .... .... .... .... .... .... ..... ....... .... .... .... 6200

Additional Data:

1. Physical check on December 31, 2021, reveals that inventory actually on hand is $219000.

2. Buildings are being depreciated @10 % under straight line method ,Equipment is being depreciated @20% under declining balance method.

3. Supplies on hand totaled $2500 on December 31, 2021,

4. $0.30000000000000004 dividend per share was declared.

5. The company is under the 20% tax bracket.

Prepare the followings: (a) Multi Step income statement; (b) Stockholders Equity Statement (c) Classified Balance Sheet as at December 31, 2021

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