CALCULATOR PRINTER VERSION BACK Exercise 46 [2] Your answer is partially correct. Try again. The following balances were taken from the books of Buffalo Corp. on December 31, 2017 Interest revenue Cash Sales revenue Accounts receivable Prepaid insurance Sales returns and allowances Allowance for doubtful accounts $87,350 Accumulated depreciation-equipment $41,350 52,350 Accumulated depreciation-buildings 29,350 156,350 195,350 171,350 101,350 98,350 33,350 61,350 1,381,350 Notes receivable 151,350 Selling expenses 21,350 Accounts payable 151,350 Bonds payable 8,350 Administrative and general expenses 46,350Accrued liabilities 101,350 Interest expense 201,350 Notes payable 141,350 Loss from earthquake damage 622,350 Common stock Sales discounts Land Equipment Buildings Cost of goods sold 101,350 151,350 S01,350 22,350 Retained earnings Assume the total effective tax rate on all items is 34% statement; 100,000 shares of common stock were outstanding during the year (Round earnings per share to 2 decimal places, e.g. 1.48.) BUFFALO CORP All Rights Reserved. A Division of Version