1-Miami Medical Equipment Company produces a popular medical device which sells for $140. Last year the company sold 1,210,000 devices, each of which costs $60 to produce. The company incurred selling and administrative expenses of $32,800,000 and depreciation expense of $1,840,000. In addition, the company has a $10,000,000 loan outstanding at 6.2%. Their tax rate is 30%. There are 3,000,000 common shares outstanding (the company does not have preferred stockholders). Get an income statement for the Winter Park Electronic Company in good form (include EPS).

2- Listed here are items taken from the balance sheet of Orlando Medical Supplies, Inc. for the year ended December 31, 2019. Get a properly classified and labeled balance sheet statement using the items listed below.

Accumulated depreciation..................................................... 960,400

Retained earnings.................................................................. 560,000

Cash....................................................................................... 250,140

Bonds payable....................................................................... 240,000

Accounts receivable............................................................... 420,400

Plant and equipmentoriginal cost....................................... 2,998,800

Accruals............................................................. 224,600

Accounts payable................................................................... 314,210

Allowance for bad debts....................................................... 30,334

Common stock, $1 par.......................................................... Calculate this value

Inventory............................................................................... 410,700

Preferred stock, $10 par ........................................................ 600,000

Investments in short-term marketable securities.................... 90,200

Investments in long-term debt securities............................... 312,340

Notes payable - long term..................................................... 221698

Capital paid in excess of par (common stock) ...................... 300,000