TIA

$150,000 3,700,000 30,000 30,000 100,000 4,500 Comprehensive Problem eBook Income statement data: Advertising expense Cost of merchandise sold Delivery expense Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Dividend revenue Gain on sale of investment Income from Pinkberry Co. investment income tax expense Interest expense Interest revenue Miscellaneous administrative expense Miscellaneous selling expense omice rent expense office salaries expense once supplies expense 4.980 76,800 140,500 21,000 2,720 7,500 14,000 50,000 170,000 10,000 5,254,000 Sales commissions 185,000 Sales salaries expense 385,000 Comprehensive Problem eBook quo 185,000 Sales commissions Sales salaries expense Store supplies expense 385,000 21,000 $194,300 545,000 1,580,000 4,126,000 Retained earnings and balance sheet data: Accounts payable Accounts receivable Accumulated depreciation-office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts Available for sale investments (at cost) Bonds payable, 5%, due 2044 Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends 8,450 260,130 500,000 246,000 2,000,000 Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill 500,000 Income tax payable Interest receivable 44,000 1,125 44,000 1,125 Comprehensive Problem eBook Income tax payable Interest receivable Investment in Pinkberry Co. stock (equity method) Investment in Dream Inc. bonds (long term) Merchandise inventory (December 31, 2002), at lower of cost (FIFO) or market Office buildings and equipment Paid in capital from sale of treasury stock 1,009,300 90,000 778,000 4,320,000 13,000 Excess of issue price over par-common stock 886,800 Excess of issue price over par preferred stock 150,000 Preferred 5% stock, 580 par (30,000 shares authorized: 20,000 shares issued) Premium on bonds payable 1,600,000 19,000 27,400 9,319,725 Prepaid expenses Retained earnings, January 1, 2012 Store buildings and equipment Treasury stock (5.400 shares of common stock at cost of $33 per share) Unrealized gain (loss) on available for sale investments Valuation allowance for available for sale investments 12,560,000 178,200 (6,500) (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple-step income statement for the year ended December 31, 2012, conducing with earnings per share. In computing camnings per share, assur outstanding was 100,000 and preferred dividends were $100,000. (Round carines ber than Gross profit Total selling expenses Total administrative expenses Total operating expenses Income from operations Net other expenses and income Income tax Net income Earnings per common share (rounded to the nearest cent) Retained earnings, January 1, 2012 Total current assets Investment in Dream Inc. bonds Total property, plant, and equipment Total assets Total current liabilities Net long-term liabilities Total liabilities Total paid in capital preferred 5% stock Total paid in capital common stock. $20 por Total paid in capital eBook Comprehensive Problem Total active expenses Total operating expenses Income from operations Net other expenses and income Income tax Net income Earnings per common share (rounded to the nearest cent) Retained earnings, January 1, 2012 Total current assets Investment in Dream Inc. bonds Total property, plant, and equipment Total assets Total current liabilities Net long-term liabilities Total abilities Total paid in capital preferred 5% stock Total pald-in capital common stock, $20 par Total paid in capital Retained earnings, December 31, 2012 Total stockholders equity $150,000 3,700,000 30,000 30,000 100,000 4,500 Comprehensive Problem eBook Income statement data: Advertising expense Cost of merchandise sold Delivery expense Depreciation expense-office buildings and equipment Depreciation expense-store buildings and equipment Dividend revenue Gain on sale of investment Income from Pinkberry Co. investment income tax expense Interest expense Interest revenue Miscellaneous administrative expense Miscellaneous selling expense omice rent expense office salaries expense once supplies expense 4.980 76,800 140,500 21,000 2,720 7,500 14,000 50,000 170,000 10,000 5,254,000 Sales commissions 185,000 Sales salaries expense 385,000 Comprehensive Problem eBook quo 185,000 Sales commissions Sales salaries expense Store supplies expense 385,000 21,000 $194,300 545,000 1,580,000 4,126,000 Retained earnings and balance sheet data: Accounts payable Accounts receivable Accumulated depreciation-office buildings and equipment Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts Available for sale investments (at cost) Bonds payable, 5%, due 2044 Cash Common stock, $20 par (400,000 shares authorized; 100,000 shares issued, 94,600 outstanding) Dividends 8,450 260,130 500,000 246,000 2,000,000 Cash dividends for common stock 155,120 Cash dividends for preferred stock 100,000 Goodwill 500,000 Income tax payable Interest receivable 44,000 1,125 44,000 1,125 Comprehensive Problem eBook Income tax payable Interest receivable Investment in Pinkberry Co. stock (equity method) Investment in Dream Inc. bonds (long term) Merchandise inventory (December 31, 2002), at lower of cost (FIFO) or market Office buildings and equipment Paid in capital from sale of treasury stock 1,009,300 90,000 778,000 4,320,000 13,000 Excess of issue price over par-common stock 886,800 Excess of issue price over par preferred stock 150,000 Preferred 5% stock, 580 par (30,000 shares authorized: 20,000 shares issued) Premium on bonds payable 1,600,000 19,000 27,400 9,319,725 Prepaid expenses Retained earnings, January 1, 2012 Store buildings and equipment Treasury stock (5.400 shares of common stock at cost of $33 per share) Unrealized gain (loss) on available for sale investments Valuation allowance for available for sale investments 12,560,000 178,200 (6,500) (6,500) On your own paper, in the working papers, or using a spreadsheet, prepare the following: a. Prepare a multiple-step income statement for the year ended December 31, 2012, conducing with earnings per share. In computing camnings per share, assur outstanding was 100,000 and preferred dividends were $100,000. (Round carines ber than Gross profit Total selling expenses Total administrative expenses Total operating expenses Income from operations Net other expenses and income Income tax Net income Earnings per common share (rounded to the nearest cent) Retained earnings, January 1, 2012 Total current assets Investment in Dream Inc. bonds Total property, plant, and equipment Total assets Total current liabilities Net long-term liabilities Total liabilities Total paid in capital preferred 5% stock Total paid in capital common stock. $20 por Total paid in capital eBook Comprehensive Problem Total active expenses Total operating expenses Income from operations Net other expenses and income Income tax Net income Earnings per common share (rounded to the nearest cent) Retained earnings, January 1, 2012 Total current assets Investment in Dream Inc. bonds Total property, plant, and equipment Total assets Total current liabilities Net long-term liabilities Total abilities Total paid in capital preferred 5% stock Total pald-in capital common stock, $20 par Total paid in capital Retained earnings, December 31, 2012 Total stockholders equity