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Please highlight the answers to the 4 blanks, and instructions on how to get those answers only. I was able to get the other answers,
Please highlight the answers to the 4 blanks, and instructions on how to get those answers only. I was able to get the other answers, but am drawing a blank on how to get these.
Comprehensive Problem 4 Part 2: Note: You must complete part 1 before part 2 . Accumulated depreciation-office buildings and equipment 1,580,000 Accumulated depreciation-store buildings and equipment 4,126,000 Allowance for doubtful accounts Available-for-sale investments (at cost) Bonds payable, 5%, due 20Y4 Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends: \begin{tabular}{|c|c|} \hline Cash dividends for common stock & 155,120 \\ \hline Cash dividends for preferred stock & 100,000 \\ \hline Goodwill & 500,000 \\ \hline Income tax payable & 44,000 \\ \hline Interest receivable & 1,125 \\ \hline \begin{tabular}{l} Investment in Pinkberry Co. stock (equity \\ method) \end{tabular} & 1,009,300 \\ \hline Investment in Dream Inc. bonds (long term) & 90,000 \\ \hline \begin{tabular}{l} Merchandise inventory (December 31,20Y2 ), at \\ lower of cost (FIFO) or market \end{tabular} & 778,000 \\ \hline Office buildings and equipment & 4,320,000 \\ \hline Paid-in capital from sale of treasury stock & 13,000 \\ \hline Excess of issue price over par-common stock & 886,800 \\ \hline Excess of issue price over par-preferred stock & 150,000 \\ \hline \begin{tabular}{l} Preferred 5% stock, $80 par (30,000 shares \\ authorized; 20,000 shares issued ) \end{tabular} & 1,600,000 \\ \hline Premium on bonds payable & 19,000 \\ \hline Prepaid expenses & 27,400 \\ \hline Retained earnings, January 1,20Y2 & 9,319,725 \\ \hline Store buildings and equipment & 12,560,000 \\ \hline \end{tabular} Treasury stock (5,400 shares of common stock at cost of $33 per share) Unrealized gain (loss) on available-for-sale investments Valuation allowance for available-for-sale 8,450260,130500,000246,000 2,000,000 On your own paper, in the working papers, or using a spreadsheet, prepare the following: preferred dividends were $100,000. (Round earnings per share to the nearest cent.) Save your calculations and enter the requested amounts below. b. Prepare a retained earnings statement for the year ended December 31, 20Y2. Save your calculations and enter the requested amounts below. c. Prepare a balance sheet in report form as of December 31, 20Y2. Save your calculations and enter the requested amounts below. If required, only use the minus sign to indicate loss before income tax, net loss, or a deficit balance in retained earningsStep by Step Solution
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