Below is a partial listing of the adjusted account balances of Supra Department Store L:td.at year...

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Below is a partial listing of the adjusted account balances of Supra Department Store L:td.at year end on December 31, 2013. Merchandise Inventory, Dec. 31, 2013 Administrative Expenses Depreciation Expense (for office equipment) $ 30,000 15,000 5,000 Total Sales Accounts Receivable Cost of Goods Sold Selling Expenses 330,000 19,000 225,000 35,000 Interest Expense 1,000 Retained Earnings Jan. 1, 2013 35,000 Accumulated Depreciation-Building 100,000 Income from Discontinued operations (net of taxes) 3,250 Unrealized gain on Temporary Investments 3,000 Sales Returns and Allowances 22,000 Dividends Declared in 2013 5,000 Accounts Payable Interest Revenue Unearned Revenue 14,000 800 3,000 Common Shares, Jan 1, 2013 70,000 Its corporate income tax rate is 25%. The company issued $10,000 in common shares during the year. Instructions Using whatever data you need, prepare an Income Statement and a Statement of Changes in Equity for Supra for the year ended December 31, 2013. Below is a partial listing of the adjusted account balances of Supra Department Store L:td.at year end on December 31, 2013. Merchandise Inventory, Dec. 31, 2013 Administrative Expenses Depreciation Expense (for office equipment) $ 30,000 15,000 5,000 Total Sales Accounts Receivable Cost of Goods Sold Selling Expenses 330,000 19,000 225,000 35,000 Interest Expense 1,000 Retained Earnings Jan. 1, 2013 35,000 Accumulated Depreciation-Building 100,000 Income from Discontinued operations (net of taxes) 3,250 Unrealized gain on Temporary Investments 3,000 Sales Returns and Allowances 22,000 Dividends Declared in 2013 5,000 Accounts Payable Interest Revenue Unearned Revenue 14,000 800 3,000 Common Shares, Jan 1, 2013 70,000 Its corporate income tax rate is 25%. The company issued $10,000 in common shares during the year. Instructions Using whatever data you need, prepare an Income Statement and a Statement of Changes in Equity for Supra for the year ended December 31, 2013.

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