Question: Skip finding eps Financial Statement Problem The trial balance for ABC Company is below Cash 71,000 Accounts Receivable 24,100 Allowance for Bad Debts 2,700 Inventory


Financial Statement Problem The trial balance for ABC Company is below Cash 71,000 Accounts Receivable 24,100 Allowance for Bad Debts 2,700 Inventory 49,300 Prepaid Insurance 6,000 Supplies 12,500 Office equipment 52,000 Accumulated Deprec 16,000 Accounts Payable 18,000 Uneared Revenue 3,000 Notes Payable 42,000 Capital Stock 4,500 Additional Paid in Capital 71,000 Retained Earnings 29,000 Dividends Paid 5,000 Sales 137,000 Cost of Goods Sold 63,000 Salaries 22,000 Rent expense 9,000 Insurance Expense 4,500 Depreciation Expense 4,800 The trial balance above reflects all of the transactions for the year for ABC Company except for the following information that either happened or needed adjusting entries on the last day of the year (December 31). All of the amounts in the above trial balance have a normal balance. The prepaid insurance of $6,000 was purchased on December 1 and will last for 12 months, 200 Inventory items that each cost $15 were found to be completely obsolete (NRV is zero) and will need to be scrapped Question 41 (4 points) What was ending total stockholders equity? Question 42 (4 points) What is the gross profit for the year? Give answer without dollar sign, commas or decimals. Question 43 (4 points) What is the earnings per share for the year? Answer without dollar sign but including decimals. Question 44 (4 points) What was ending total current assets for the year? Answer without dollar signs or commas. Question 45 (4 points) What was the ending total liabilities for the year
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