Required information (The following information applies to the questions displayed below] Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31, Following are the correct balances at December 31 for the accounts both before and after the adjusting entries Trial Balance, December 31 of the Current Year Before Adjusting Entries Debit Credit $13,500 Adjustments Debit Credit Cash b. Accounts receivable 6. Prepaid insurance d. Equipment Accumulated depreciation, equipment f. Income taxes payable g. Common stock and additional paid-in capital h. Retained earnings, January 11 1. Service revenue 3. Salary expense k. Depreciation expense 1. Insurance expense . Income tax expense 600 170,100 $ 41,000 107,000 18,260 After Adjusting Entries Dit Credit $ 13,500 490 400 170,140 $46,000 1,300 107,000 18,260 73,800 74,290 55,700 55,780 5,000 200 1,300 240,000 $240,00 $246.940 $246,940 3. Compute earnings per share, assuming that 3,700 shares of stock are outstanding all year (Round your answer to 2 decimal places) Earings per share Required Information [The following Information applies to the questions displayed below.] Ramirez Company is completing the information processing cycle at its fiscal year-end on December 31. Following are the correct balances at December 31 for the accounts both before and after the adjusting entries. Trial Balance, December 31 of the Current Year a. Cash Items b. Accounts receivable c. Prepaid insurance d. Equipment e. Accumulated depreciation, equipment f. Income taxes payable g. Common stock and additional paid-in capital h. Retained earnings, January 1 1. Service revenue J. Salary expense k. Depreciation expense 1. Insurance expense w. Income tax expense Before Adjusting Entries Debit Credit $ 13,500 Adjustments Debit Credit 600 170,180 $ 41,000 55,780 107,000 18,260 73,800 After Adjusting Entries Debit Credit $ 13,500 490 400 170,180 $ 46,000 1,390 107,000 18,260 74,290 55,780 5,000 200 1,390 $ 240,060 $ 240,060 $ 246,940 $246,940 a. Cash b. Accounts receivable c. Prepaid insurance Itens TPIAT HATance Dece d. Equipment e. Accumulated depreciation, equipment f. Income taxes payable g. Common stock and additional paid-in capital h. Retained earnings, January 1 1. Service revenue J. Salary expense k. Depreciation expense 1. Insurance expense m. Income tax expense Current Year Antries Debit $13,500 Adjustments Credit Debtt Credit 600 170,180 $ 41,000 107,000 18,260 73,800 55,780 $ 240,060 $240,060 AFTHE Adjusting Entries Debit $13,500 408 Credit 400 170,180 $46,000 1,300 107,000 18,268 74,298 55,780 5,000 200 1,390 $ 246,940 $ 246,948 3. Compute earnings per share, assuming that 3,700 shares of stock are outstanding all year. (Round your answer to 2 decimal places.) Eamings per share Required Information [The following information applies to the questions displayed below) Ramirez Company is completing the Information processing cycle at its fiscal year-end on December 31. Following are the correct balances at December 31 for the accounts both before and after the adjusting entries. a. Cash Itens Trial Balance, December 31 of the Current Year Before Adjusting Entries Adjustments Credit Debit Credit b. Accounts receivable c. Prepaid insurance d. Equipment e. Accumulated depreciation, equipment f. Income taxes payable g. Common stock and additional paid-in capital h. Retained earnings, January 1 1. Service revenue 3. Salary expense k. Depreciation expense 1. Insurance expense m. Income tax expense Debit $13,500 600 170,188 $ 41,000 55,780 107,000 18,260 73,800 $ 240,060 $ 240,060 After Adjusting Entries Debit $ 13,500 Credit 490 400 170,180 $46,000 1,390 55,780 5,000 200 1,390 107,000 18,260 74,290 $ 246,948 $ 246,940