Use the Following Information to Answer the Questions Below

1) Dec 1 the J-Corp Authorized 100,000 Shares of $1 par value stock.

2) Dec 1 the J-Corp Issued 40,000 shares of common stock for $10 each.

3) Dec 1 the J-Corp Issued 300 Bonds for $1,000 each Face Value of $1,000, Due in Twenty Years, Face Int. Rate of 4% payable Annually on November 30th.

4) Dec 10 the J-Corp made Service Sales to Customers of $140,000 on account.

5) Dec 24 the J-Corp Bought Back 6,000 Shares of Common stock for $5 each

6) Dec 26 the J-Corp Paid December Operating Expenses of $33,000 with checks.

7) Dec 31 the J-Corp Declared Dividends to be Paid next Month at $1.50 Cents per Share of Common Stock Outstanding.

8) Dec 31 the J-Corp recorded One month of Interest Payable on the Bonds

a) Compute the Net Income for the month

b) Compute the Ending Cash Balance at Month End

c) Compute the Additional Paid in Capital Dollar Balance

d) Compute the Number of Common Stock Shares Outstanding at Month End

e) Compute the Total Assets at Month End

f) Compute the Total Liabilities at Month End

g) Compute the Ending Retained Earnings balance