I need these questions to be solved, please

Question One: The following balances were taken from the books of Parnevik Corp. on December 31. 2015: Interest revenue $86,000 Accrued liabilities $32,000 Accumulated dep.buildings 28,000 Sales discounts 45,000 Cash 51,000 Interest expense 60,000 Notes receivable 155,000 Land 100,000 Sales revenue 1,280,000 Notes payable 100.000 Selling expenses 194,000 Equipment 200,000 Accounts receivable 150,000 Loss from plant assets' impairment 120.000 Accounts payable 170.000 Buildings 140.000 Prepaid insurance 20,000 Share capitalordinary 500.000 Bonds payable 100,000 Cost of goods sold 621,000 Sales returns 8. allowances 150,000 Retained earnings 21,000 Administrative & general expenses 97,000 Accumulated dep.equipment 40,000 Allowance for doubtful accounts 7.000 Assume the total effective tax rate on all items is 34%. Requirements: Prepare an income statement, assuming 100,000 ordinary shares were outstanding during the year. Question Two: The accountant of Weatherspoon Shoe Co. has compiled the following information from the company's records as a basis for an income statement for the year ended December 31. 2015: Rent revenue $29,000 Interest expense 18,000 Unrealized gain on non-trading equity securities, net of tax 31.000 Selling expenses 140.000 Income tax 30,600 Administrative expenses 181.000 Cost of goods sold 516,000 Net sales 980.000 Cash dividends declared 16,000 Loss on sale of plant assets 15,000 There were 20,000 ordinary shares outstanding during the year. Requirements: a) Prepare a comprehensive income statement using the combined statement approach. b) Prepare a comprehensive income statement using the two-statement approach. Page | 1 Question Three: Presented below is information related to Tao Corp. for the year 2015: Net sales $1,200,000 Write-off of inventory due to obsolescence 80.000 Cost of goods sold 780,000 Depreciation expense omitted by accident in 2014 40,000 Selling expenses 65,000 Interest expense 50.000 Administrative expenses 48.000 Cash dividends declared 45.000 Dividend revenue 20.000 Retained earnings on December 31. 2014 980,000 Interest revenue 7,000 Effective tax rate is 34% on all items Requirements: a) Prepare an income statement for 2015. Assume 60,000 ordinary shares are outstanding. b) Prepare is retained earnings statement for 2015. Question Four: Sosa Corporation has the following information as of Dec 31. 2015: Share capitalpreference (non-cumulative 6%, $50 par value, outstanding 90,000 shares) $4,500,000 Share capitalpreference (cumulative 4%, $80 par value, outstanding 50,000 shares) $4,000,000 Share capitalordinary ($1 par, authorized and issued 10 million shares, outstanding throughout the year) $10,000,000 Income from continuing operations $42,600,000 Loss from discontinued operations, net tax 19,600,000} Net Income 33,000,000 Requirements: a) Assume cash dividend declared, compute earnings per share. How should it appear in the income statement. b) Assume no dividend declared, compute earnings per share. How should it appear in the income statement. Page | 2 Question Five: The equity section of Hasbro Inc. on January 1, 2015, was as follows: Share capitalordinary $300,000 Accumulated other comprehensive income Unrealized holding gain on non-trading equity securities $50,000 Retained earnings $20,000 During the year, the company had the following transactions: 1. Issued 10,000 shares at $3 per share. 2. Dividends of $9.000 were declared and paid. 3. Net income for the year was $100,000. 4. Unrealized holding loss of $5,000 on its non-trading equity securities, net of tax. Requirements: Prepare a statement of changes in equity for Hasbro Inc