Provide the necessary formulas and equations to do the following: explain how to solve the following. No data needed. Analyze financial transactions to:

Calculate Total Revenue, Total Expense, Net Income, and Retained Earnings

Calculate specific ending Asset, Liabilities, and Equity account balances $($i$.$e$.$ Cash, A$/$R$,$ Inventory, Accounts Payable etx...$).$

Analyze financial transactions and determine the impact to specific income statement or balance sheet accounts using the "financial impact template" form.

Accounting for Assets:

Calculate Bad Debt expense and allowance for bad debt using the "Direct" and "Indirect" method.

Calculate Cost of Goods Sold and ending inventory balances using average costing method, LIFO, and$/$or FIFO.

Calculate Depreciation Expense and Accumulated Depreciation balances using the straight line, double declining balance, or units of production method. To do this you will also need to be able to calculate the "Depreciable Amount" of the asset $($the total amount that will be depreciated$).$

Accounting for Liabilities:

Account for the timing of sales discounts on accounts payable using either the "gross" or "net" method

Calculate the interest expense and principal payment on debt.

Account for warranty expenses and show how these expenses impact the income statement and balance sheet

Determine what accounts are impacted based on the issue of bonds that are sold at a premium or discount $($you will not have to amortize the bond premium or calculate the prize of bonds using the present value table$).$

Equity:

Calculate Par value of stock

Calculate Paid in Additions to Capital

Calculate Stock Dividends

Calculate Cash Dividends

Determine the timing of when to recognize stock or cash dividends.