You have been given the following data from the ABC Factory for the year ending Dec 31, 2013. You will need to sort through the listed items and identify which are balance sheet entries and which are income statement items. Balance sheet items are provided as of Dec 31, 2013 and Income Statement values are accrued values provided for the year 2013. Be sure to use the correct formats for the financial statements. Assume the business is a corporation.

a. Construct an accrued income statement for the year ending Dec 31, 2013.

b. Construct a balance sheet as of Dec 31, 2013.

c. Construct a net worth statement as of Dec 31, 2013.

d. Explain what the term payables refers to in the context of a balance e sheet. Examples are a good idea to include as part of your explanation.

e. Provide a brief analysis of this firm using their balance sheet. Refer to the inclass discussions, factsheets and notes as a guide as to what you can review with the balance sheet values.

no 27,500 32,000 2,500 1,100 94,000 14,000 45,250 125,000 311,250 4,000 900 25,000 9,350 600 500 42,000 $ | $ $ $ $ | Account Payable | Accounts Receivable Advertising Expense | Bad Debt Expense | Buildings, Accumulated Depreciation Buildings, Net Book Value Cash Common Stock Variable Expenses Building, Market Value Depreciation Expense, Building Government Bonds held as long-term investment Income Tax for current year Insurance Expense | Interest Expense Inventory Dec 31, 2013 valued via GAAP rules, cost value | Inventory Dec 31, 2013 valued via market value Land Original Value | Land Market Value Machinery, accumulated depreciation Machinery, net book value Machinery, market value | Mortgage due in full May 30, 2015 | Office Equipment, Accumulated Depreciation Office Equipment, Net Book Value Office Equipment, Market Value | Office Supplies Expense Other Expenses | Prepaid Expense | Retained Earning | Salaries expense including all paid and accrued $ $ $ $ $ 92,000 25,000 425,000 83,400 3,400 1,400 50,000 8,000 5,250 non n : urn 2,025 $ 7,000 3,000 ? Solve for this 69,025