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Using the given trial balance. Prepare the following financial statements: Multistep Income statement Statement of comprehensive Income Statement of stockholders Equity Balance Sheet Calculate the
Using the given trial balance. Prepare the following financial statements:
Multistep Income statement
Statement of comprehensive Income
Statement of stockholders Equity
Balance Sheet
Calculate the following ratios: Gross profit percentage, working capital, working capital ratio and debt to equity.
Scarecrow Securities, Inc. Trial Balance FYE 12/31/2022 Credit Debit 602,768 $ $ 725,000 390,779 2,750,000 123,543 195,507 1,128,500 678,590 648,264 330,700 45,000 137,000 45,000 82,000 420,000 20,000 593,010 3,400 45,000 Cash Notes Payable Due in 10 years Current Portion of Long Term Debt Property, Plant & Equipment (Net) Investments in Affiliate Companies (non-current) Accounts Receivable Bonds Payable (Due in 20 years) Investments at Fair Value (Current) Accounts Payable Deferred Tax Liability (non current) Dividends Payable Merchandise Inventory Intangible Assets (Net) Income Tax Payable Common Stock Treasury Stock Retained Earnings - 1/1/2022 Accumulated Other Comprehensive Income - 1/1/2022 Dividends Sales Dividend Income Interest Income Gain on Disposal of Plant Assets Unrealized Gain on Trading Securities Cost of Goods Sold Selling Expenses Advertising Expenses Office Supplies Expense Sales Salaries Expense Office Salaries Expense Accounting and Legal Fees - Administration Systems Consulting Fees - General Depreciation Expense - General Amortization Expense - General Interest Expense Income Tax Expense Loss on Asset Impairment Loss on Discontinued Operations - Before Tax Unrealized Loss on Available for Sale Securities Total 750,000 400 600 4,800 2,500 325,000 2,250 5,400 1,500 15,000 1,890 575 670 2,350 3,000 890 158,370 900 750 2,200 5,121,553 $ $ 5,121,553 $ $75,000 Other Data: Issued No Par Common Stock Repurchased Shares Tax Rate Common Stock Beginning Balance $20,000 40% $345,000Step by Step Solution
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