Below is a partial listing of the adjusted account balances of Pina Colada at year-end on...

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Below is a partial listing of the adjusted account balances of Pina Colada at year-end on December 31, 2014: Accounts receivable $26,880 Cost of goods sold 286,720 Selling expenses (includes depreciation) 53,760 Interest expense 3,360 Accumulated depreciation-Building 16,800 Sales discounts 5,600 Inventory 58,240 Administrative expenses (includes depreciation) 72,800 Sales revenue 468,160 Accounts payable 38,080 Interest revenue 560 Pina Colada Income Statement For the Year Ended December 31, 2014 Sales Sales Revenue Less : Sales Discounts Net Sales Cost of Goods Sold Gross Profit 24 Income From Operations Interest Expense %24 Net Income/(Loss) Below is a partial listing of the adjusted account balances of Pina Colada at year-end on December 31, 2014: Accounts receivable $26,880 Cost of goods sold 286,720 Selling expenses (includes depreciation) 53,760 Interest expense 3,360 Accumulated depreciation-Building 16,800 Sales discounts 5,600 Inventory 58,240 Administrative expenses (includes depreciation) 72,800 Sales revenue 468,160 Accounts payable 38,080 Interest revenue 560 Pina Colada Income Statement For the Year Ended December 31, 2014 Sales Sales Revenue Less : Sales Discounts Net Sales Cost of Goods Sold Gross Profit 24 Income From Operations Interest Expense %24 Net Income/(Loss)

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