Complete the partial income statement if the company paid interest expense of $18,000 for 2014 and had
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Partial Income Statement Year Ending 2014 Sales Revenue $350,000 $140,000 $43,000 S28,000 $46,000 COGS Fixed Costs SG&A Expenses Depreciation Partial Balance Sheet 12/31/2013 Assets: Liabilities: $16,000 S28,000 S48,000 $368,000 Acc. Depreciation $142,000 $82,000 Cash Notes Payable Accounts Payable Long-Term Debt S14,000 $19,000 $190,000 Accounts Rec. Inventories Owners' Equity: Fixed Assets Retained Eamings Common Stock $??????? S130,000 Intangible Assets Partial Balance Sheet 12/31/2014 Assets: Liabilities: Notes Payable Accounts Payable Long-Term Debt S12,000 $24,000 $162,000 $26,000 S19,000 $53,000 $448,000 Acc. Depreciation $??????? $82,000 Cash Accounts Rec. Inventories Owners' Equity: Fixed Assets Retained Eamings $?????? Intangible Assets Common Stock S180,000
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