Reference no: EM131800210

Assignemnt

Comparative Balance Sheets for Darby's Doodles. Inc. are listed below:

	December 31.
	2014	2015
Cash	400	650
Accounts Receivable	600	800
Inventory	1,000	1,300
Plant and Equipment	1,000	1,050
Accumulated Depreciation	325	600
Accounts Payable	600	640
Common Stock	1,000	1,000
Retained Earnings	900	1,560

The to/lowing data relate to 2015:

a) collections from credit customers. $30.000. cash sales 56.000
b) payments to suppliers of merchandise 5 40.000
C) purchases of equipment for cash. 550
d) dividends paid to shareholders 5500
e) no plant and equipment was retired or sold during the year

1) For Darby. the Depreciation Expense for 2015 was
2) For Darby. the Sales Revenue for 2015 was
3) For Darby. the Net Income for 2015 was
4) The Cost of Goods Sold for 2015 was