Retained earnings and balance sheet data: Accounts payable $ 194,300 Accounts receivable 545,000 Accumulated depreciation-office buildings...
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Retained earnings and balance sheet data: Accounts payable $ 194,300 Accounts receivable 545,000 Accumulated depreciation-office buildings and equipment 1,580,000 Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts 4,126,000 Bonds payable, 5%, due in 10 years Cash Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding), January 1, 20Y8 Dividends: Cash dividends for common stock Cash dividends for preferred stock Goodwill Income tax payable Interest receivable Inventory (December 31, 20Y8), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock, January 1, 20Y8 Paid-in capital in excess of par-common stock, January 1, 20Y8 Paid-in capital in excess of par-preferred stock, January 1, 2018 Preferred 5% stock, $80 par (30,000 shares authorized; 16,000 shares issued), January 1, 2018 Premium on bonds payable Prepaid expenses Retained earnings, January 1, 20Y8 Store buildings and equipment 8,450 500,000 282,850 1,700,000 155,120 100,000 700,000 44,000 1,200 778,000 4,320,000 0 736,800 70,000 1,280,000 19,000 27,400 8,197,220 12,560,000 0 Treasury stock, January 1, 20Y8 a. Prepare a multiple-step income statement for the year ended December 31, 20Y8. b. Prepare a statement of stockholders' equity for the year ended December 31, 20Y8. c. Prepare a balance sheet in report form as of December 31, 20Y8. Retained earnings and balance sheet data: Accounts payable $ 194,300 Accounts receivable 545,000 Accumulated depreciation-office buildings and equipment 1,580,000 Accumulated depreciation-store buildings and equipment Allowance for doubtful accounts 4,126,000 Bonds payable, 5%, due in 10 years Cash Common stock, $20 par (400,000 shares authorized; 85,000 shares issued, 94,600 outstanding), January 1, 20Y8 Dividends: Cash dividends for common stock Cash dividends for preferred stock Goodwill Income tax payable Interest receivable Inventory (December 31, 20Y8), at lower of cost (FIFO) or market Office buildings and equipment Paid-in capital from sale of treasury stock, January 1, 20Y8 Paid-in capital in excess of par-common stock, January 1, 20Y8 Paid-in capital in excess of par-preferred stock, January 1, 2018 Preferred 5% stock, $80 par (30,000 shares authorized; 16,000 shares issued), January 1, 2018 Premium on bonds payable Prepaid expenses Retained earnings, January 1, 20Y8 Store buildings and equipment 8,450 500,000 282,850 1,700,000 155,120 100,000 700,000 44,000 1,200 778,000 4,320,000 0 736,800 70,000 1,280,000 19,000 27,400 8,197,220 12,560,000 0 Treasury stock, January 1, 20Y8 a. Prepare a multiple-step income statement for the year ended December 31, 20Y8. b. Prepare a statement of stockholders' equity for the year ended December 31, 20Y8. c. Prepare a balance sheet in report form as of December 31, 20Y8.
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