Section 7 B Set D A. Saved Search Alt . QI Layout References Review View Help 16 v A Editing ou Ar A B 1 .. Dave Q2D (20 Marks) Prepare a balance sheet and income statement from the following information for Jerry Ltd as of 31st Dec 2019 Land - 2.000; Plant and equipment 12,300. Accumulated depreciation 7,300 Cash 1,400. Marketable security 300, Accounts Receivables 10,000. Inventories 12,000, Prepaid Expenses 300, Accounts payable 3.000.Notes Payable 3.400 Accrued salaries, wages and other expenses - 3,100, current portion of long term debt 500. deferred income tax 1,500, mortgage due - 6,300, Term loan 2.900. Share Capital? Retained earnings 8,200. Net Sales 51,000, Cost of goods 38,000, selling expense 3.100, depreciation 500, General and administrative expense 5.400. Interest expense 1.000. Income tax at the rate of 40% 40% If Ordinary dividend is 300 what is Retained earnings? If there are 100,000 shares what is earning per share and dividend per share