Sees Company Comparative Balance Sheet Dee... 31. 2013 and 2012 2013 2012 Assets Cash 285.000 419,200 Accounts receivable Linet) Inventaries Prepaid Expende Investments Land Buildings Accumulated depr - buildings Zgzipment Accumulated oppy - Comment Total Assets 10,320 134,800 208,000 132,400 235, 400 380,300 12,240 181,000 180,000 450,000 (162,446) 875, Obo (299,300) 1,960,600 850,000 (187, 200) 4.73,000 (369,000) 2,430,340 103,750 21,000 3,760 17,000 Lisbeldice Stsekhalder's Eyrity decounts payable Gmerchandise Breditors) 117, 430 teenued Expenses operating expenses) 24,000 Interest Payable 3,130 Income tax payable 9,600 Dividends payable 31,320 Martgage note lagable 340.000 Bonds payable Commen Stock, $25 par poid- in Cape in excess of par - Common Stock Retained Emminge | 63 Tp Tatal lisbildos & Stockholders' County 2,430,340 25,000 180,000 200,000 Bop 200 180,000 82,500 1187.60 1,9663.600 3,420,000 2,500,000 920,000 19 Sees Company Income statement For the year Ended Dec 31, 2013 | Sales Cast of merchandise Sold Gross profit Operating expensesi Depreciation expenses: 94,260 athen operating expenses 468, 006 v Talol operating expenses Operating income 1 Other income: Grain on sale of land 38.000 Grain on sale of investmends 38,400 16,400 Other expenses : Interest expense Income before income tax Income tax Net income 562,261 357,740 06.000 20.400 31%, 140 16.000 302,140 @ Senweltmente wune puschaleed for $106,20.01 Xavestments Casting $183,400 were sold for $191,800 Equipment was purchased fesy 898,000. There were no disposals. a t building Valued at $400,000 & dond Valued at $200,000 were acquired by a cash payment of $600,000 & Land which cost $ 142,000 was sold for $180,000 Cash B, et montage noto payable for 1340,000 was issued for Cash. Bonde payable of $320,000 were retired by the payment of their face amt. @ 6,000 Shares of Commm stock were issued for Cash at 20 o Cash dividends of $80,000 were declared