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Please, Prepare Retained Earning Statement for the Year 2004 From Given Data in Very Much Details Advance Level. If picture is not visible, please let
Please, Prepare Retained Earning Statement for the Year 2004 From Given Data in Very Much Details Advance Level. If picture is not visible, please let me know.
Please Solve the retained earnings statement for the year,2004, with 20% tax.
Q: tots-stup Income Statement a Statement of Retained Earnings Pro information and to Walt Disney Company for 2004 Retained earnings haluce, January 1, 2004 Sales for the Cost of good old Depreciation Expense mistakenly not reported in 2000 Telephone Expenses Sales Advances from customers 550.000 19.000.000 19,000,000 12.000 77.00 117.00 700 50.000 Rental revenue 80,000 40.000 28.000 820.000 15.000 25.000 Write-off of inventory due to obsolescence Accumulated depreciation Equipment Accumulated depreciation Building Write-off of goodwill (Infrequenter Unusual Item) Sales Discounts Sales Return Overstatement of income due change in inventory costing method Prepaid insurance Income taxes for 2004 Travel and entertainment Expenses Advertising Expenses Transportation-out Expenses Sales commission Gain on the sale of short term securities Loss due to flood damage extraordinary item Loss on the disposition of the wholesale division Loss on operations of the wholesale division Dividends declared and paid on common stock Dividends declared and paid on preferred stock 88,000 20,000 205.000 69.00 54,00 COX) 33.000 110,000 390,000 440,000 90.000 250.00 70,000 Requirement IL SA 4:32 PM Int Q1: (Multi-step Income Statement & Statement of Retained Earnings) Presented belo information related to Walt Disney Company for 2004 Retained earnings balance, January 1.2004 $ 850.000 Sales for the year 39,000.00 Cost of goods sold 19,000,000 Depreciation Expense mistakenly not reported in 2002 32,000 Telephone Expenses - Sales 27.000 Advances from customers 117.0XX) Interest revenue 70.000 Rental revenue 50.00%) 80,000 40.000 28.000 820,000 15,000 25,000 Write-off of inventory due to obsolescence Accumulated depreciation Equipment Accumulated depreciation Building Write-off of goodwill (Infrequent or Unusual Item) Sales Discounts Sales Return Overstatement of income due change in inventory costing method Prepaid insurance Income taxes for 2004 Travel and entertainment Expenses Advertising Expenses Transportation-out Expenses Sales commissions Gain on the sale of short term securities Loss due to flood damage-extraordinary item Loss on the disposition of the wholesale division Loss on operations of the wholesale division Dividends declared and paid on common stock Dividends declared and paid on preferred stock 88,000 20.000 905.000 69.000 54.0XX0 93.000 83.000 110,000 390,000 440,000 90,000 250,000 70,000 Requirement
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