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With this information is needed a multiple - step income statement and balance sheet please reflect all the calculations with the response Accounts Payable 200,500

With this information is needed a multiple - step income statement and balance sheet please reflect all the calculations with the response

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Accounts Payable 200,500 Account Receivable 165,700 Accumulated Depreciation's 350,000 Additional Paid-In Capital 40,000 Allowance for Doubtful Accounts 2,650 Building and Equipment 1,120,000 Cash 45,300 Common Stock 544,850 Copyrights 112,000 Customer Deposits (expected to be paid in 20X)(} 375 Goodwill 225,000 Income Taxes Payable 42,340 Inventories @ $25lunit 315,250 Long-term Investments in Warren Co. 95,630 Copyrights 112,000 Customer Deposits (expected to be paid in 20XX} 375 Goodwill 225,000 Income Taxes Payable 42,340 Inventories @ $253unit 315,250 Long-term Investments in Warren Co. 95,630 Deposits With Vendors 47,200 Land 125,000 Mortgage Payable ($2,780 per month} 667,200 2% Notes Payable to Banks {due 20300 26,000 Notes Receivable (due 20X)() 16,000 Patents 219,335 Retained Earnings 127,500 Trademarks 115,000 Twenty-year, 3% Bonds, Due 1!1.-'20XX 600,000 Finished Goods inventory purchased from suppliers on account. 23'1OI20XX 10,000 units @, $26 each 63'12l20XX 15,000 units @ $28 each 10l23i'20XX 12,000 units @ $29 each 11i25l20XX 8,000 units @ $30 each Bob's Bacon House Inc. uses periodic inventory system and LIFO costing method. All purchases and sales are made on account. Payments made to suppliers on account during 20XX are $1 ,124,450. Sales made to customers on account are 49,356 units @ $36 each. Cash collected from customers during 20XX is $1 ,750,700. Total interest paid on notes payable and bonds payable amounted to $17,415. Rental income on property leased out is $25,650. Bob's Bacon House Inc. was operating a retail store in Chicago. Original cost of building and equipment was $120,000 with a book value of $95,000. During 20XX, New York Traders disposed of this store at a loss of $35,800. Bob's Bacon House Inc. wants to make an allowance for doubtful debts at 2% on accounts receivable for the year 20XX. Selling and administrative expenses are $128,475. These expenses include $56,000 depreciation expense on building and equipment but exclude bad debts expenses. Income tax expense paid is $90,500. Bob's Bacon House income tax rate for 20XX is 30%

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