Question: multiple options for table are Account Payable Account Receivable Accumulated depreciation Cash Common Shares Depreciation Income from DO, net of tax Income tax expense Income

 multiple options for table are Account Payable Account Receivable Accumulated depreciation

multiple options for table are

Account Payable

Account Receivable

Accumulated depreciation

Cash

Common Shares

Depreciation

Income from DO, net of tax

Income tax expense

Income tax on income from DO

Interest Expense

Inventories

Long-term debt

Plant and equipment

Raw materials used

Retained Earning

Salaries and wages

Sales

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The following is a pre-closing trial balance for Oyxe Inc., a manufacturer of metal tubing, as at December 31, 2016: E: (Click the icon to view the pre-closing trial balance.) During the year, the company declared and paid $290,000 dividends and issued shares for proceeds of $260,000. Required Requirement a. Prepare, in good form, a multi-step income statement that includes relevant subtotals, with operating expenses listed by their nature, for the year ended December 31, 2016. (Use parentheses or a minus sign for numbers to be subtracted.) Pre-closing trial balance Oyxe Inc. Income Statement For the year ended December 31, 2016 $ 10,649,100 Sales Requirement b. Prepare, in good form, a statement of changes in equity for the year ended December 31, 2016. Debit Credit 510,000 $ 1,360,000 Oyxe Inc. Statement of changes in equity For the year ended December 31, 2016 Common Accounts payable Accounts receivable Accumulated depreciation Cash 6,350,000 Income before interest and taxes Retained 69,000 shares 620,000 Common shares earnings Income before income taxes $ Depreciation 1,478,000 Balance, January 1, 2016 Net income Income from DO 21,000 Income from continuous operations Shares issued Income tax expense Income tax on income from DO 154,600 8,500 Dividends declared Net income Balance, December 31, 2016 $ 357,000 650,000 5,150,000 13,100,000 Interest expense Inventories Long-term debt Plant and equipment Raw materials used Retained earnings Salaries and wages Sales 1,730,000 817,000 5,210,000 10,649,100 Total $ 24,117,100 $ 24,117,100 *DO - discontinued operations

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