! Required information (The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product. Determine the machine's second-year depreciation and year end book value under the straight-line method. Straight-Line Depreciation Choose Numerator: / Choose Denominator: Annual Depreciation Expense Depreciation expense Year 2 Depreciation Year end book value (Year 2) Required information [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of product, with a $5,000 salvage value. During its second year, the machine produces 34,300 units of product. Determine the machine's second-year depreciation using the units-of-production method. Units-of-production Depreciation Choose Denominator: Choose Numerator: 1 Annual Depreciation Expense Depreciation expense per unit Year Annual Production (units) Depreciation Expense 2 ! Required information (The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99,000. The annual contract rate is 6%, and interest is paid semiannually on June 30 and December 31. 1. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.) Semiannual Period-End 1/01/2019 Unamortized Discount Carrying Value 6/30/2019 12/31/2019 6/30/2020 12/31/2020 6/30/2021 12/31/2021 6/30/2022 12/31/2022 Required information [The following information applies to the questions displayed below.) Duval Co. issues four-year bonds with a $103.000 par value on January 1, 2019, at a price of $99,000. The annual contra rate is 6%, and interest is paid semiannually on June 30 and December 31. 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount.) View transaction list Journal entry worksheet 1 2 > Record the interest payment and discount amortization on June 30, 2019. Note: Enter debits before credits. General Journal Debit Credit Date June 30, 2019 Record entry Clear entry View general journal Required information [The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99,000. The annual rate is 6%, and interest is paid semiannually on June 30 and December 31. 2. Prepare journal entries to record the first two interest payments. (Round your answers to the nearest dollar amount View transaction list Journal entry worksheet 1 2 > Record the interest payment and discount amortization on December 31, 2019. Note: Enter debits before credits. General Journal Debit Credit Date December 31, 2019 Record entry Clear entry View general journal [The following information applies to the questions displayed below.] Duval Co. issues four-year bonds with a $103,000 par value on January 1, 2019, at a price of $99,000. The annual cont rate is 6%, and interest is paid semiannually on June 30 and December 31. 3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorde View transaction list Journal entry worksheet 1 > Record the entry for maturity of the bonds on December 31, 2022 (assume semiannual interest is already recorded). Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2022 Record entry Clear entry View general journal Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 10,700 20,500 290,000 440,000 York's outstanding stock consists of 60,000 shares of noncumulative 7.5% preferred stock with a $5 par value and also 170,0 of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following dividends: Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. (Rour "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend per Number of Dividend Rate Preferred Preferred Share Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 Total: 10,700 20,500 290,000 440,000 761,200 $ [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 10,700 20,500 290,000 440,000 York's outstanding stock consists of 60,000 shares of cumulative 7.5% preferred stock with a $5 par value and also 170,000 common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tot dividends: (Round your "Dividend per Preferred Share" answer to 3 decimal places.) Par Value per Preferred Share Dividend Rate Dividend per Preferred Share Number of Preferred Shares Preferred Dividend Annual Preferred Dividend: Total Cash Dividend Paid Paid to Preferred Paid to Common Dividends in Arrears at year-end $ Year 1 Year 2 Year 3 Year 4 Totals 10,700 20,500 290,000 440,000 761,200 $ Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,119 90,192 111,176 9,923 274,688 $ 517,098 $ 34,949 $ 35, 320 62,408 49,521 80,819 51,183 9,455 3,965 258,143 227,811 $ 445,774 $ 367,800 $ 126, 182 $ 73,829 $ 49,521 96, 242 162,500 132, 174 $ 517,098 102,528 82,909 162,500 162,500 106,917 72,870 $ 445,774 $ 367,800 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the current ratio for each of the three years. Choose Numerator: Current Ratio I Choose Denominator: 1 1 11 Current Ratio Current ratio to 1 to 1 11 Current Yr: 1 Yr Ago: 2 Yrs Ago: 11 to 1 Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,119 90, 192 111,176 9,923 274,688 $ 517,098 $ 34,949 $ 35, 320 62,408 49,521 80,819 51,183 9,455 3,965 258, 143 227,811 $ 445,774 $ 367,800 $ 126,182 $ 73,829 $ 49,521 96, 242 162,500 132,174 $ 517,098 102,528 82,909 162,500 162,500 106,917 72,870 $ 445,774 $ 367,800 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the current ratio improve or worsen over the three year period? Current ratio Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31, 119 90,192 111,176 9,923 274,688 $ 517,098 $ 34,949 $ 35, 320 62,408 49,521 80,819 51,183 9,455 3,965 258,143 227,811 $ 445,774 $ 367,800 $ 126,182 $ 73,829 $ 49,521 96, 242 162,500 132,174 $ 517,098 102,528 82,909 162,500 162,500 106,917 72,870 $ 445,774 $ 367,800 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Compute the acid-test ratio for each of the three years. Acid-test ratio Choose Numerator: 1 Choose Denominator: = Acid-Test Ratio = Acid-test ratio to 1 Current Yr: 1 Yr Ago: 2 Yrs Ago: + + + + to 1 to 1 IN = Simon Company's year-end balance sheets follow. Current Yr 1 Yr Ago 2 Yrs Ago At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,119 90, 192 111,176 9,923 274,688 $ 517,098 $ 34,949 $ 35,320 62,408 49,521 80,819 51,183 9,455 3,965 258, 143 227,811 $ 445,774 $ 367,800 $ 126,182 $ 73,829 $ 49,521 96,242 162,500 132,174 $ 517,098 102,528 82,909 162,500 162,500 106,917 72,870 $ 445,774 $ 367,800 (1-a) Compute the current ratio for each of the three years. (1-b) Did the current ratio improve or worsen over the three year period? (2-a) Compute the acid-test ratio for each of the three years. (2-b) Did the acid-test ratio improve or worsen over the three year period? Complete this question by entering your answers in the tabs below. Required 1A Required 1B Required 2A Required 2B Did the acid-test ratio improve or worsen over the three year period? Acid-test ratio