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The adjusted trial balance of Goddard Company at the end of December 31, 2020 is shown below. Goddard Company uses the perpetual inventory method, General

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The adjusted trial balance of Goddard Company at the end of December 31, 2020 is shown below. Goddard Company uses the perpetual inventory method, General Journal Accounts Dr Cr Cash 17,800 Accounts Receivable 9.600 Supplies 1,400 Prepaid Insurance 1,800 Merchandise Inventory 18.700 Equipment 45,000 Accumulated Depeciaton-Equipment 9,000 Buildings 80,000 Accumulated Depreciation-Buildings 16,000 Land 20,000 Accounts Payable 19.700 Salaries Payable 3,300 Interest Payable 700 Long-Term Notes Payable 35.000 Common Stock 30,000 Retained Earnings 52,651 52,651 8,000 250,000 Retained Earnings Dividends Declared Sales Sales Returns & Allowances Sales Discounts Cost of Goods Sold Expense Selling Expenses General & Administrative Expenses Miscellaneous Revenues Interest Expense 22,100 9.350 135,501 28,400 19,800 8,300 7,200 424.651 Totals 424,651 Required: Compute the amounts requested below. Income Statement: Net Sales Cost of Goods Sold Expense Gross Profit Gross Profit Rate Operating Expenses Operating Income Net Income Statement of Retained Earnings: Ending Retained Earnings Balance Sheet: Current Assets Property, Plant, and Equipment Total Assets Current Liabilities Long-Term Liabilities Total Liabilities Total Stockholders' Equity Total Liabilities and Stockholders' Equity

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