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YOU HUST SHOW YOUR WORK TO RECEIVE FULL CREDIT Curry Company Compazative Balance Sheet As of December 31, 2012 2012 2011 Cash Accounts Receivable Inventory Plant assets 28,250 20, 000 75, 00058,000 s 202,000 250, 000 5 600,000502,000 Accumulated Depreciation Plant assets 150,000 125,000 Total assets $ 755,250 705, 000 Accounts payable Salaries and wages payable Bonds payable Conmon stock, $10 par Retained earnings 123,000115, 000 47,250 72, 000 $ 70,000 118,000 s 370,000 280, 000 $ 120,000 $ 145, 000 Total liabilities and stockholder's equity $ 755.250 s 705,000 Curry Company Income Statement For the Year Ended December 31, 2012 Sales S 1,255,250 $ 722,000 Cost of goods sold Gross protit Expenses Salaries and wages expense Interest expense Depreciation expense Other expenses 5 252,100 $ 75,000 $ 25, 000 Total expenses $ 360,250 Net Income $ 173,000 The following is additional information concerning Curry Company during the year ended December 31, 2012 Plant assets costing $98,000 were purchased by paying $28,000 in cash and issuing 7,000 shares of common stock The "other expenses" are related to prepaid items All incone taxes incurred during the year were paid during the year During the year Curry Company issued 2,000 share of common stock at par value