3.2 (Preparing an income statement) Prepare an income statement and a common-sized income statement from the following information

Sale	525,000
Cost of Good sold	200,00
General and administrative expense	62,000
Depreciation expense	8,000
Interest expense	12,000
Income taxes	97,000

3.4 (Working with income statement and balance sheet) Prepare a balance sheet and a common-sized balance sheet from the following information?

Cash	30,000
Account receivable	63,800
Account payable	52,500
Short-term not payable	11,000
Inventories	66,000
Gross fix assets	1,061,000
Accumulated depreciation	86,000
Long-term debt	210,000
Common stock	480,00
Other stock	25,000

Retaining earning?

3.7 ( (Working with income statement and balance sheet) Prepare an income statement and balance sheet from the following scrambled list of items. What is the firm's net working capital and debt ratio?

Sales	550,000
Accumulated depreciation	190,000
Cash	?
Cost of good sole	320,000
Account receivable	73,000
Depreciation expense	38,000
Account payable	65,000
Interest expense	26,000
Short-term note payable	29,000
Income statement	59,850
Inventories	47,000
Marketing, general expenses	45,000
Gross fixed assets	648,000
Long term debt	360,000
Common Stock	120,000
Other Stock	15,000

Retain Earning 262,900

3.9 (Working with statement of cash flow) Interpret the following information regarding Westlake Corporation cash flows.

Net income	$680
Depreciation expense	125
Profit before depreciation	805
Increase in account receivable	(200)
Increase in inventories	(240)
Increase in account payable	120
Increase in accrued expenses	81
Cash flow operation	$566
Investment activities
Change in fix assets	(1,064)
Financial activity
Increase in long term debt	$640
Common stock dividend	120
Total financing activities	$520
Change in cash	$22
Beginning cash	500
Ending cash	$522