to be answered in Microsofr word format with all questions as per the sheet.

Chapter 4 - Problem 1 (40 points) Information related to Batavia Furniture Company for the year ended December 31, 2012, follows. Cost of Goods Sold 10. OOK Interest expense SBOB 12.000 Los on discontinued operation before income tax) Administrative expenses 9.000 Dividendeve 3.000 11.000 Loss on sales of long-term Sales discount 1.000 Unrealized gain on non-trading securities of EDO Saks revenue 131.000 7.00 Selling Expense Required: Prepare in good form a multiple-step income statement for the year 2012. Assume a 10% tax rate. (30 points) 2. Prepare in good form a statement of comprehensive income using a combined format for the year 2012. Assume a 10% tax rate. (10 points) Chapter 5 - Problem 2 (30 points) The following is a partial listing of accounts for ABC, Inc., for the year ended December 31, 2012. 71,009 110 1.25 251 8. Patent Current Maturitaes of Low-Term Debe Accumulated there Accounts Receivable Copyrights Trey Stock Prepaid Ees Deferred Tanesco-term liability) Allowance for Doubtful Accounts Retainel Farings Accounts Payable Cash and Cash Iquivalents Long term Income Taxes Payable Adalitional Paide In Capital Equipment LaTerm Debt Common Stock Notes Payable (short-term 13.51 19,021 61. 6. Required: Prepare a classified statement of financial position (balance sheet) in good format for December 31, 2012. Chapter 5 - Problem 3 (30 points) The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year ended December 31, 2012, for Rocket Company follows. Rocket Company Balance Sheet December 31, 2012 and 2011 2012 2011 Cash Accounts receivable.net Inventory 700D 100,000 50.000 130,000 115.000 Building and equipment Accumulated depreciation Total assets BRAR 30,000 JUOD Liabilities and Stockholms liguly Accounts payable Income taxes payable Wages payable Current notes payable Common stock Retained carings Total liabilities and stockholders equity CD, DOD 110.000 200.000 RE Additional information During 2012 cash payments for building and equipment S15.000 During 2012 cash paid for retirement of notes payable 10,000 *** During 2012 cash received from issuance of stock. Note: Cash dividends of $68.000 were paid during 2012 Rocket Company Income Statement For the Year Ended December 31, 2012 Sales 5500,00 Less expenses 1330.000 Cost of goods sold Selling and administrative expenses 90. DOE includes depreciation of S15.000 Interest expense Total expenses Income before taxes Income tax experte Net income SUR Required: Prepare the statement of cash flows for 2012. (Present cash flows from operations using the indirect approach) Chapter 4 - Problem 1 (40 points) Information related to Batavia Furniture Company for the year ended December 31, 2012, follows. Cost of Goods Sold 10. OOK Interest expense SBOB 12.000 Los on discontinued operation before income tax) Administrative expenses 9.000 Dividendeve 3.000 11.000 Loss on sales of long-term Sales discount 1.000 Unrealized gain on non-trading securities of EDO Saks revenue 131.000 7.00 Selling Expense Required: Prepare in good form a multiple-step income statement for the year 2012. Assume a 10% tax rate. (30 points) 2. Prepare in good form a statement of comprehensive income using a combined format for the year 2012. Assume a 10% tax rate. (10 points) Chapter 5 - Problem 2 (30 points) The following is a partial listing of accounts for ABC, Inc., for the year ended December 31, 2012. 71,009 110 1.25 251 8. Patent Current Maturitaes of Low-Term Debe Accumulated there Accounts Receivable Copyrights Trey Stock Prepaid Ees Deferred Tanesco-term liability) Allowance for Doubtful Accounts Retainel Farings Accounts Payable Cash and Cash Iquivalents Long term Income Taxes Payable Adalitional Paide In Capital Equipment LaTerm Debt Common Stock Notes Payable (short-term 13.51 19,021 61. 6. Required: Prepare a classified statement of financial position (balance sheet) in good format for December 31, 2012. Chapter 5 - Problem 3 (30 points) The balance sheet for December 31, 2012, December 31, 2011, and the income statement for the year ended December 31, 2012, for Rocket Company follows. Rocket Company Balance Sheet December 31, 2012 and 2011 2012 2011 Cash Accounts receivable.net Inventory 700D 100,000 50.000 130,000 115.000 Building and equipment Accumulated depreciation Total assets BRAR 30,000 JUOD Liabilities and Stockholms liguly Accounts payable Income taxes payable Wages payable Current notes payable Common stock Retained carings Total liabilities and stockholders equity CD, DOD 110.000 200.000 RE Additional information During 2012 cash payments for building and equipment S15.000 During 2012 cash paid for retirement of notes payable 10,000 *** During 2012 cash received from issuance of stock. Note: Cash dividends of $68.000 were paid during 2012 Rocket Company Income Statement For the Year Ended December 31, 2012 Sales 5500,00 Less expenses 1330.000 Cost of goods sold Selling and administrative expenses 90. DOE includes depreciation of S15.000 Interest expense Total expenses Income before taxes Income tax experte Net income SUR Required: Prepare the statement of cash flows for 2012. (Present cash flows from operations using the indirect approach)