Question: I would really appreciate your help for this cycle problem. It is for a grade, thank you so much!! Presented below are changes in all
I would really appreciate your help for this cycle problem. It is for a grade, thank you so much!!


Presented below are changes in all the account balances of Coronado Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $69400 Accounts Payable $(52400) Accounts Receivable (net) 50300 Bonds Payable 83900 Inventory 130400 Common Stock 128000 Investments (47870) Paid-In Capital in Excess of Par-Common Stock 15480 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $24890 which was paid in the current year. Net income $ Presented below are certain account balances of Waterway Products Co. Rent revenue $7,330 Sales discounts $7,830 Interest expense 13,350 Selling expenses 99,800 Beginning retained earnings 114,830 Sales revenue 403,200 Ending retained earnings 134,910 Income tax expense 27,939 Dividend revenue 71,580 Cost of goods sold 202,594 Sales returns and allowances 12,740 Administrative expenses 87,720 Allocation to noncontrolling interest 19,880 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Waterway has allocation to noncontrolling interest of $19,880. - (a) Total net revenue - (b) Net income (c) Income attributable to controlling stockholders $ Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations Sales revenue $334910 Cost of goods sold 149030 Selling and administrative expenses 54000 Gain on sale of plant assets 32710 Unrealized gain on available-for-sale debt investments 9080 Interest expense 6360 Loss on discontinued operations 11260 Dividends declared and paid 4660 Compute the following: (a) Income from operations (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2020 $ Presented below are changes in all the account balances of Coronado Furniture Co. during the current year, except for retained earnings. Increase (Decrease) Increase (Decrease) Cash $69400 Accounts Payable $(52400) Accounts Receivable (net) 50300 Bonds Payable 83900 Inventory 130400 Common Stock 128000 Investments (47870) Paid-In Capital in Excess of Par-Common Stock 15480 Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $24890 which was paid in the current year. Net income $ Presented below are certain account balances of Waterway Products Co. Rent revenue $7,330 Sales discounts $7,830 Interest expense 13,350 Selling expenses 99,800 Beginning retained earnings 114,830 Sales revenue 403,200 Ending retained earnings 134,910 Income tax expense 27,939 Dividend revenue 71,580 Cost of goods sold 202,594 Sales returns and allowances 12,740 Administrative expenses 87,720 Allocation to noncontrolling interest 19,880 From the foregoing, compute the following: (a) total net revenue, (b) net income, (c) income attributable to controlling stockholders, if Waterway has allocation to noncontrolling interest of $19,880. - (a) Total net revenue - (b) Net income (c) Income attributable to controlling stockholders $ Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations Sales revenue $334910 Cost of goods sold 149030 Selling and administrative expenses 54000 Gain on sale of plant assets 32710 Unrealized gain on available-for-sale debt investments 9080 Interest expense 6360 Loss on discontinued operations 11260 Dividends declared and paid 4660 Compute the following: (a) Income from operations (b) Net income (c) Comprehensive income (d) Retained earnings balance at December 31, 2020 $
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