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The data in question 1 is in the first picture WOLFF COMPANY Income Statement For Year Ended December 31, 2013 Sales Cost of goods sold

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WOLFF COMPANY Income Statement For Year Ended December 31, 2013 Sales Cost of goods sold . $635,000 Insurance expense... Depreciation expense. Interest expense Income tax expense.... $430,000 86,000 8,000 17,000 9,000 29,000 579,000 $ 56,000 WOLFF COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 Assets Cash Accounts receivable . S 11,000 5,000 32,000 60,000 7,000 195,000 .$ 41,000 90,000 5,000 250,000 ation (68,000) (61,000 .$329,000 $248,000 Total assets . . Liabilities and Stockholders' Equity 9,000 7,000 130,000 90,000 86,000 s 10,000 6,000 8,000 75,000 90,000 59,000 Wages payable income tax payable.... fotal liabilitios and equity..$329,000 $248,000

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