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Preparing a budgeted income statement
Fiorella and Sanchez, physicians, budgeted for the following revenues and expenses for September:
Depreciation - equipment
$1,850
Fringe benefits
3,300
Lease expense
2,500
Nursing wages
4,500
Physicians' salaries
28,000
Patient revenue
58,500
Secretarial support
2,200
Utilities
650
Prepare a budgeted income statement for the month ending September 30, 2013.
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Dividends of $70,000 were paid in each of these two years. What is equity method balance of Wilkinsons Investment in Bremm, Inc., at December 31, 2011?
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