Please do the followingexercises:

on page 30, 31 and32 :

E1-4, E1-5, E1-6, E1-7, and 9

E1-4 LO1-1 Honda Motor Corporation Preparing a Balance Sheet Honda Motor Corporation of Japan is a leading international manufacturer of automobiles, motorcycles, all-terrain vehicles, and personal watercraft. As a Japanese company, it follows Japanese GAAP and reports its financial statements in billions of yen (the sign for yen is ). A simplified version of its recent balance sheet contained the following items (in billions). Prepare a balance sheet as of March 31, current year, solving for the missing amount. (Hint: Exhibit 1.2 in the chapter provides a good model for completing this exercise.) Cash and cash equivalents 2,106 Common stock 231 Accounts payable and other current liabilities 5,429 Inventories 1,364 Investments 597 Long-term debt 4,022 Net property, plant, and equipment 3,200 Other assets 8,606 Other liabilities 1,938 Retained earnings 7,338 Total assets 18,958 Total liabilities and stockholders' equity ? Trade accounts, notes, and other receivables 3,085 Source: Honda Motor Corporation E1-5 Completing a Balance Sheet and Inferring Net Income LO1-1 Bennett Griffin and Chula Garza organized Cole Valley Book Store as a corporation: each contributed $80,000 cash to start the business and received 4,000 shares of common stock. The store completed its first year of operations on December 31, current year. On that date, the following financial items for the year were determined: December 31, current year, cash on hand and in the bank, $75,600; December 31, current year, amounts due from customers from sales of books, $39.000; unused portion of store and office equipment, $73,000; December 31, current year, amounts owed to publishers for books purchased, $12,000; one-year note payable to a local bank for $3.000. No dividends were declared or paid to the stockholders during the year. Regquiired: 1. Complete the following balance sheet as of the end of the current year. 2. What was the amount of net income for the year? (Hint: Use the retained earnings equation [Beginning Retained Earnings + Net Income Dividends = Ending Retained Earnings] to solve for net income.) Assets Liabilities Cash $ Accounts payable $ Accounts receivable Note payable Store and office equipment Interest payable 300 Total liabilities Stockholders' Equity Common stock Retained earnings $12,300 Total stockholders' equity Total assets S Total liabilities and stockholders' equity $ Analyzing Revenues and Expenses and Preparing an Income Statement E1-6 Assume that you are the owner of Campus Connection, which specializes in items that interest students. LO1-1 At the end of January of the current year, you find (for January only) this information: a. Sales, per the cash register tapes. of $150,000. plus one sale on credit (a special situation) of $2.500. b. With the help of a friend (who majored in accounting), you determine that all of the goods sold during January cost $70,000 to purchase. . During the month, according to the checkbook, you paid $37,000 for salaries, rent. supplies, advertis- ing, and other expenses; however, you have not yet paid the $900 monthly utilities for January. Required: On the basis of the data given (disregard income taxes), what was the amount of net income for January? Show computations. (Hint: A convenient form to use has the following major side captions: Revenues, Expenses, and the differenceNet Income.) Preparing an Income Statement E1-7 Sysco Corp. is one of the nation's leading distributors of food and related products to restaurants, uni- LO1-1 versities, hotels, and other customers. A simplified version of its recent income statement contained the Sysco Corp. following items (in millions). Prepare an income statement for the year ended June 30, current year. ( Hint: First order the items as they would appear on the income statement and then confirm the values of the subtotals and totals. Exhibit 1.3 in the chapter provides a good model for completing this exercise.) Cost of sales $44.814 Income taxes 371 Interest expense 303 Net earnings 1,395 Sales 55,371 Earnings before income taxes 1.766 Selling, general, and administration expense 8,504 Other revenues 16 Total expenses (excluding income taxes) 53,621 Total revenues 55,387 Source: Sysco Corp. E1-9 LO1-1 Inferring Values Using the Income Statement and Balance Sheet Equations Review the chapter explanations of the income statement and the balance sheet equations. Apply these equations in each independent case to compute the two missing amounts for each case. Assume that it is the end of the first full year of operations for the company. (Hint: Organize the listed items as they are presented in the balance sheet and income statement equations and then compute the missing amounts.) Independent Total Total Net Income Total Total Stockholders' Cases Revenues Expenses (Loss) Assets Liabilities Equity A $93,500 $75,940 $ $140,200 $56,500 $ B 75,834 14,740 107,880 77,500 C 68,120 76,430 98,200 69.850 D 55,804 21,770 20,300 78.680 E 84,840 75,320 25,520 80,000