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Using the data below, create a statement of retained earnings for 2016. Do not worry about the credit or debit columns, just the amount. Don't
Using the data below, create a statement of retained earnings for 2016. Do not worry about the credit or debit columns, just the amount.
Don't worry about the "debit" (dr) or "credit" (cr) columns - just use the amount Brady and Co. List of Accounts from General Ledger in Alphabotical Order Docember 31, 2016 (thousands of dollars) 2015 999,210 508,643 650,216 126,000 281,364 1,829,634 802.316 299,304 75 125,436 244,563 300,000 720,125 229,000 Dr Accounts Payable Accounts Receivable 2,943,125 Accrued Liabilities - Other Accrued Pension Liabilities Accrued Restructuring Charges Accrued Salaries, Wages and Commissions Accumulated Other Comprehensive Income (Loss) 621,236 Accumulated Depreciation - Property, Plant & Equipment Accumulated Post-Employment Benefit Obligation (long-term) Additional Paid-in Capital, Common Stock Additional Paid-in Capital, Preferred Stock Allowance for Doubtful Accounts Bonds Payable Cash and Cash Equivalents 401,236 Common Stock Cost of Goods Sold 3,000,235 Current Portion of Long-term Debt Deferred Tax Assets (current) 62,596 Deferred Tax Liabilities (long-term) Depreciation Expense 307,200 Dividends - Common 292,351 Dividends - Preferred 2,000 General & Administrative Expenses 1,732,429 Goodwill and Other Intangibles 3,212,491 Income Taxes Payable Interest Expense 201,366 Interest Income Investments in unconsolidated affiliated companies 1,235,000 Inventories 163,214 Long-term Debt (Loss) Income from Discontinued Operations, net of tax 28,100 Preferred Stock Prepaid Expenses 141,029 Property. Plant and Equipment 2,943,216 Provision for income taxes Pro 245,105 Research and Development Expenses 199,500 Restructuring Charges 199,506 Retained Earnings, beginning Detained Salon Sales Call Selling Expenses 19,365 Short-term Investments 20,000 Treasury Stock, at cost 4,472,969 Uneamed Revenues 22,443,269 Net Income (loss) 2016 Dr Cr 1,079,837 3,245,967 721,358 450,356 90.476 350.191 85,000 1.999,999 402,634 299,304 75 124,645 249,046 751,329 284.000 2,763,584 849,869 81,236 440,263 311,236 214,956 945 1,459,695 3,212,491 102.563 250,000 18,227 1,456,896 224,561 3,702,700 7,453 900 170,296 3,936,726 201,636 496,597 255,013 5,173,286 6,526.967 58,890 26,800 4,263,984 423,689 23,382,838 23,382,838 246,002 10,126 3,223,713 900 2,960,256 8,430,061 456,325 22,443,269 Weighted average number of common shares: FY 2016: Basic Diluted FY 2015: Basic Diluted 208,448,076 shares 210,348,076 shares 218,464,140 shares 220.964,140 shares - again The Dr = Debit and the Cr=Credit. Do not worry about this since you are not responsible for debits and credits. It is incluc students are familiar with debits and creditsStep by Step Solution
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