INSTRUCTIONS: Use the account information below to construct (1) 2023 multi-step income statement,
	(2) 2023 classified balance sheet, and (3) 2023 statement of cash flow--indirect.
	Account Title	12/31/2023	2022	Comment
	Accounts Payable	14	14
	Accounts Receivable	40	43
	Accrued Expenses Payable	25	32
	Accumulated Depreciation	90	80
	Additional Paid-in Capital in Excess of par	100	95
	Administrative Expense	20	--	ignore 2022
	Available-for-sale securities	80	85
	Buildings	105	105
	Cash	??	20	2023 needs to be calculated in SCF
	Common Stock ($2 par/share)	80	50	new shares were issued September 1, 2023
	Cost of Goods Sold	480	--	ignore 2022
	Cumulative Comprehensive Income Items	30	35
	Deferred Revenue---deposits by customers	1	1
	Depreciation Expense	10	--	ignore 2022
	Dividend Revenue	15	--	ignore 2022
	Dividends declared on common stock	4	--	ignore 2022
	Dividends paid on preferred stock	6	--	ignore 2022
	Dividends Payable	3	0
	Equipment	60	25
	Franchise	16	16
	Gain (gross) on asset sale of discontinued division	30	--	gross gain
	Gain on sale of trading securities	3	--	ignore2022
	Goodwill	65	65
	Hold-to-maturity securities	30	30
	Income tax payable	20	20
	Income Tax Provision--expense	??	--	taxes are assessed at 40% for all situations
	Interest Expense	28	--	ignore 2022
	Inventories	55	55
	Interest Revenue	7	--	ignore 2022
	Land	25	25
	Land held for expansion	50	50
	Operating Loss (gross) of discontinued division	25	--	gross
	Note Payable in 2030	40	36
	Note Payable in 2024	25	25
	Paid additional taxes assessed for 2020,net	20	--	net of tax refund
	Patent	19	19
	Pension Obligation	70	70
	Preferred Stock ($5 par), 10% dividend	60	60
	Rearrange & Restructure Operations Costs	2	--	no event in 2022
	Retained Earnings	?	85	compute 2023
	Sales Returns	10	--	ignore 2022
	Sales Revenue	800	--	ignore 2022
	Selling Expense	180	--	ignore 2022
	Trading Securities	60	65	no security purchases or revaluation in 2022
	Unrealized Loss on Available-for-saleSecurities	5	--	ignore 2022