The Kimm Company had the following assets and liabilities on the dates indicated. Kimm began business on January 1, 2013, with an investment of $600,000 (60,000 shares, par value per share= $10). (1) In 2013, Kimm paid $50,000 dividends and no additional investment was made. Other comprehensive income was $1,000 (2) In 2014, Kimm paid $100,000 dividends, additional investment of $200,000 (20,000 shares, par value per share = $10) was made by shareholders on June 1, 2014. Other comprehensive income (loss) was $(2,000). (3) In 2015, Kimm had zero dividends and $35,000 (2,000 shares, par value per share = $10) was made on September 1, 2015. Other comprehensive income (loss) was $(50,000).

December 31 Total Assets Total Liabilities 2013 1,700,000 300,000 2014 1,900,000 800,000 2015 2,500,000 1,200,000

P1. Determine net income in 2013, 2014 and 2015. (Show work clearly) P2. Determine basic earnings per share in 2013, 2014 and 2015. (Show work clearly) P3. Determine comprehensive income in 2013, 2014 and 2015. (Show work clearly) P4. Determine the balance of retained earnings at the end of 2015. (Show work clearly) P5. Determine the balance of common stock at the end of 2015. (Show work clearly) P6. Determine the balance of accumulated other comprehensive income at the end of 2015. (Show work clearly) Hint : Use Equity = CS + APIC +RE+AOCI, along with A = L + E. No preferred stock (thus no preferred div, net income to common stockholders = net income)