Popes Garage had the following accounts and amounts in its financial statements on December 31, 2013. Assume that all balance sheet items reflect account balances at December 31, 2013, and that all income statement items reflect activities that occurred during the year then ended.

Accounts receivable	$	30,600
Depreciation expense		10,100
Land		26,400
Cost of goods sold		87,000
Retained earnings		62,800
Cash		11,700
Equipment		70,500
Supplies		5,900
Accounts payable		22,700
Service revenue		26,600
Interest expense		2,700
Common stock		7,000
Income tax expense		23,598
Accumulated depreciation		42,000
Long-term debt		40,000
Supplies expense		13,400
Merchandise inventory		29,400
Sales revenue		174,000

Required:

a.	Calculate the total current assets at December 31, 2013.

b.	Calculate the total liabilities and stockholders equity at December 31, 2013.

c.	Calculate the earnings from operations (operating income) for the year ended December 31, 2013.

d.	Calculate the net income (or loss) for the year ended December 31, 2013.

e.	What was the average income tax rate for Popes Garage for 2013?

f.

If $17,500 of dividends had been declared and paid during the year, what was the January 1, 2013, balance of retained earnings?

A partially completed balance sheet for Blue Co., Inc., as of October 31, 2013, follows. Where amounts are shown for various items, the amounts are correct.

Required:
Using the following data, complete the balance sheet.
a.	Blue Co.'s records show that current and former customers owe the firm a total of $4,300; $630 of this amount has been due for more than a year from two customers who are now bankrupt.
b.	The automobile, which is still being used in the business, cost $17,100 new; a used car dealer's Blue Book shows that it is now worth $10,000. Management estimates that the car has been used for one-third of its total potential use.
c.	The land cost Blue Co. $12,000; it was recently assessed for real estate tax purposes at a value of$16,000.
d.	Blue Co.'s president isn't sure of the amount of the note payable, but he does know that he signed a note.
e.	Since Blue Co. was formed, net income has totaled $33,000, and dividends to stockholders have totaled $21,250.

The following selected data are adapted from the November 27, 2011, and November 28, 2010, consolidated balance sheets and income statements for the years then ended for Levi Strauss & Co. and Subsidiaries. All amounts are reported in thousands.

Required:

Calculate the missing amounts for each year. (Negative amounts should be indicated by a minus sign.)

Blue Co., Inc. Balance Sheet October 31, 2013 Assets Liabilities and Stockholders' Equity Cash Accounts receivable Land Automobile Less: Accumulated Depreciation $ 700 Note pay able Accounts pavable 3,600 Total liabilities Stockholders' Equity Common stock 5,100 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Total assets