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In addition, the company had common stock of $42,000 at the beginning of the year and issued an additional $3,500 during the year. The company also had retained earnings of $28,700 at the beginning of the year and declared dividends of $1,500 during the year.
Cash
$28.784
Depreciation
Expense
$4,100
Taxes Payable
5712
Mortgage Payable
$43.500
Land
$62.000
Treasury Stock
$2210
Sales Discounts and Returns
$1,258
Accounts Receivable
$5,292
Supplies Expenses
$355
Bonds Payable
$38.000
Accumulated Depreciation
$17.250
Income Tax Expense
$780
Equipment
$32,600
Interest Expense
$2 ,900
Notes
Payable
$11,000
Cost of Goods Sold
$31.500
Current Portion of Bonds
$6.200
Current Portion of Mortgage Payable
52.350
Product Sales (Gross)
$66.145
Utilities Expense
$950
Inventory
$12.500
Discount of Bonds
$970
Salaries Expense
$12.000
Revenues from
Software Licenses
51,050
Buildings
$52,000
Goodwill
$350
Advertising Expenses
$5,340
Sales Expenses
87.200
Salaries Payable
$412
Marketable Securities
53,450
Accounts Payable
$5.340
PrePaid Expenses
$1.100
Deferred Revenues
$670
Interest Payable
$710
Dividends Payable
$500
Current Portion Notes
1.100
Question 1) Calculate the Net Income (or Net Loss) After Interest and Taxes
Question 2) Calculate the Total Amount of Current Assets
Question 3) Calculate the Total Amount of Current Liabilities
Question 4) Calculate the Total Assets
Question 5) What is the total amount of the stockholders equity
Question 6) what is the amount of Long-Term Liabilities?
Financial Statement Analysis and Preparation
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