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- The December 31, 2021, adjusted trial balance for the Blueboy Cheese Corporation is presented below. Debits 14,600 345,000 14,500 54,000 640,000 Account Title Credits Cash Accounts receivable Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Notes payable (due in six months) Salaries payable Interest payable Common stock Retained earnings Sales revenue 266,000 78,000 72,000 7,800 2,400 400, 000 165,000 780,000 Cost of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense 468,000 117,000 43, 500 64,000 4,800 5,800 1,771, 200 1,771, 200 Totals Required: 1-a. Prepare an income statement for the year ended December 31, 2021. 1-b. Prepare a classified balance sheet as of December 31, 2021. Re LA Reg 1a Re 2 Prepare an incoe statement for the year anded December 31, 2021. BLUEBOY CHEESE CORPORATION Income Satement For the Year Ended December 31, 221Required: Prepare a multiple-step income statement for 2016, including EPS disclosures.Using the following selected items from the comparative balance sheet of Oriole Products.Determine the horizontal analysis. (Round percentages to 2 decimal places, e.g. 12.21%. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) ORIOLEPRODUCTSComparative Balance SheetDecember 31 2014 2013 Horizontal analysis Amount Percentage Amount Percentage Current assets $110,880 enter percentages % $128,216 enter percentages % Long-term assets 174,240 enter percentages % 117,304 enter percentages % Total assets 3,168,000 enter percentages % 2,728,000 enter percentages % Determine the vertical analysis. (Round percentages to 1 decimal place, e.g. 12.2%.) ORIOLEPRODUCTSComparative Balance SheetDecember 31 2014 2013 Vertical analysis Amount Percentage Amount Percentage Current assets $110,880…
- From the following, find out the amount of subscriptions to be Income and Expenditure Account for the year 2016. Subscriptions received in 2016 - OMR. 48,000, OMR. 40,000 for 2015 and OMR. 80,000 for 2017. Subscriptions outstanding in the year of 2017 were OMR. 20,000. Subscriptions outstanding in 2015 were OMR. 12,000. Select one: a. OMR 16,000 b. OMR 40,000 c. OMR 56.000 d. MR 32,000 O O O OHow to calculate Net Operating Asset from this balance sheet for fiscal year-end 2015 .8-b. Prepare the classified balance sheet for the year ended December 31, 2024.
- Just Dew It Corporation reports the following balance sheet information for 2020 and 2021. Prepare the 2021 combined common-size, common-base year balance sheet for Just Dew It. (Do not round intermediate calculations and round your answers to 4 decimal places, e.g., 32.1616.)Transactions Alex and Hagi decided to open a home cleaning service company, H@L . The following information is a partial list of transactions from H@L Inc. January 1- Alex and Hagi gach donated $ 25.000 in exchange for common stock to start the business. March 3- H@L Inc., paid $ 3.000 cash for a two-year insurance policy that was effective immediately. March 15-The Company purchased $8.000 of supplies on account. April 5- The Company purchased some cleaning equipment for $10.000 cash. The equipment should last for five years with no residual value. H@L company will take a full year of depreciation in 2020. May 1-H@L Inc., purchased a year's worth of advertising in a local newspaper for $ 1.200 cash. September 1- The Company obtained a nine-month loan for $ 15.000 at 5% from Do Not Trust Bank, with interest and principal payable on June 2021. December 31- The Company paid $ 5.000 of accounts payable owed from transaction 3. December 31- The Company earned service revenues of $ 26.225,…The comparative balance sheet for Proctor Precision appears below: PROCTOR PRECISION Comparative Balance Sheet Dec. 31, 2017Dec. 31, 2016 Assets Cash................................................$30,500$6,000 Accounts receivable...................................2,5004,000 Inventory............................................5,5003,500 Prepaid expenses.....................................1,0001,500 Building.............................................10,00010,000 Accumulated depreciation—building....................... (1,500) (1,000) Total assets..........................................$48,000$24,000 Liabilities and Stockholders' Equity Accounts payable.....................................$ 1,000$ 2,000 Long-term note payable................................6,5007,000 Common stock........................................19,0009,000 Retained earnings..................................... 21,500 6,000 Total liabilities and stockholders'…