Question: Use the Dallas Computer Sales data in SE12- 9 to compute the following; enter all amounts in thousands. In SE12- 9 Dallas Computer Sales, Inc.,

Use the Dallas Computer Sales data in SE12- 9 to compute the following; enter all amounts in thousands. In SE12- 9 Dallas Computer Sales, Inc., reported the following financial statements for 2014:


Use the Dallas Computer Sales data in SE12- 9 to


a. Payments to employees
b. Payments of other expenses

A1 Dallas Computer Sales, Inc. Income Statement Year Ended December 31, 2014 2 (In thousands) 3 Service revenue 4 Cost of goods sold 5 Salary expense 6 Depreciation expense 7 Other expenses 8 Total expenses 9 Net income 10 819 401 60 15 180 656 163 A1 Dallas Computer Sales, Inc. Comparative Balance Sheets 1 December 31, 2014 and 2013 2 (In thousands) 3 Assets 4 Current: 5 Cash 6 Accounts receivable62 7 8 Prepaid expenses 9 Long-term investments 2014 2013 Liabilities 2014 2013 Current $ 53 $ 58 Accounts payable S 56 54 53 Salary payable 91 Accrued liabilities 26 13 75 Inventory 16 17 16 Long-term note payable 65 10 Plant assets, net 255 195 Stockholders' Equity Common stock Retained earnings 46 309 297 529 501 50 12 13 Total 14 5 529 501 Total

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