Hello,

Please help with exercise 4 and 9

Exercise 4.

On 2014 December 31, Perez Company, the accounting records showed the following information:

Assets$150,000

Liabilities$50,000

Capital Stock$100,000

Earned revenues$45,000Incurred expenses$33,750

Dividends declared and paid amounted to $3,000

1.Prepare the Statement of Stockholders Equity on 2014 December 31.

Statement of Stockholders Equity Perez Company

Month Ended on December 31, 2014

Perez Company, Capital Stock, January 1,2014

(beginning balance) $100,000

Net income for the year

Less: Dividends

Perez Company, Capital Stock, December, 2014

(ending balance)

Exercise 9.

On 2014 December 31, Lidowski Company, the accounting records showed:

Net sales$105,000

Gross profit$57,000

Net income$21,000

Income tax expense$9,000

Selling, general, and administrative expenses$6,500

Compute Companys cost of goods sold, income from operations, income before taxes, and interest expense.

Net Sales$105,00

Cost of Goods Sold

Gross Profit

Selling, general, and administrative expenses

Income From Operations

Interest Expense

Income Before Taxes

Income Taxes

Net Income Required:

Calculate cost of goods sold, income from operations, income before

taxes, and interest

Exercise 4. On 2014 December 31, Perez Company, the accounting records showed the following information: Assets Liabilities Capital Stock Earned revenues Incurred expenses Dividends declared and paid amounted to $150,000 $50,000 $100,000 $45,000 $33,750 $3,000 1. Prepare the Statement of Stockholders' Equity on 2014 December 31. Statement of Stockholders' Equity Perez Company Month Ended on December 31, 2014 Perez Company, Capital Stock, January 1,2014 (beginning balance) $100,000 Net income for the year Less: Dividends Perez Company, Capital Stock, December, 2014 (ending balance) Exercise 9. On 2014 December 31, Lidowski Company, the accounting records showed: Net sales Gross profit Net income Income tax expense Selling, general, and administrative expenses $105,000 $57,000 $21,000 $9,000 $6,500 Compute Company's cost of goods sold, income from operations, income before taxes, and interest expense. Net Sales $105,00 Cost of Goods Sold Gross Profit Selling, general, and administrative expenses Income From Operations Interest Expense Income Before Taxes Income Taxes Net Income Required: Calculate cost of goods sold, income from operations, income before taxes, and interest