Analyzing Transactions Using the Financial Statement Effects Template Hanlon Advertising Company began the current month with the following balance sheet.

Cash	$ 80,000	Liabilities	$ 70,000
Noncash assets	135,000	Contributed capital	110,000
		Earned capital	35,000
Total assets	$215,000	Total liabilities and equity	$215,000

Following are summary transactions that occurred during the current month.

1. The company purchased supplies for $5,000 cash; none were used this month.
2. Services of $2,500 were performed this month on credit.
3. Services were performed for $10,000 cash this month.
4. The company purchased advertising for $8,000 cash; the ads will run next month.
5. The company received $1,200 cash as partial payment on accounts receivable from transaction 2.
6. The company paid $3,400 cash toward the accounts payable balance reported at the beginning of the month.
7. Paid $3,500 cash toward this month's wages expenses.
8. The company declared and paid dividends of $500 cash.

(a) Record the effects of each transaction using the financial statement effects template.

Use negative signs with your answers, when appropriate.

	Balance Sheet
Transaction	Cash Asset	+	Noncash Assets	=	Liabilities	+	Contributed Capital	+	Earned Capital
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Income Statement
Revenue	-	Expenses	=	Net Income
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elected balance sheet and income statement information for Home Depot follows.

$ millions	Jan. 31, 2016	Feb. 01, 2015
Operating assets	$40,333	$38,223
Nonoperating assets	2,216	1,723
Total assets	42,549	39,946
Operating liabilities	14,918	13,427
Nonoperating liabilities	21,315	17,197
Total liabilities	36,233	30,624
Total stockholders' equity	6,316	9,322
Sales	88,519
Net operating profit before tax (NOPBT)	11,774
Nonoperting expense before tax	753
Tax expense	4,012
Net income	7,009

Compute the return on equity for the year ended January 31, 2016. Round answer to two decimal places (ex: 0.12345 = 12.35%) Answer%