2013
2012
2013
2012

-11020
-11020

-1280
-1180
-1280
-1180

1590
-88
1590
-88

0
0

3954
3954

-96
-70
-96
-70

187
0
187
0

1433
1514
1433
1514

10617
10617

13251
13251

2820
2820

4400
6190
4400
6190

90
110
90
110

9200
9200

190
110
190
110

4131
4131

850
850

-560
-450
-560
-450

-240
-550
-240
-550

-80
-80

1270
1270

300000

5000

900000

25000

2261000

300000

1000000

500000

40000

145000

210000

750000

50000

1850000

35000

200000

625000

760000

450000

2250000

90000

3210000

1450000

5500000

640000

22000

SOLUTIONS
(enter answers here)
Revenues
$ k
$ 15,500
Cost of goods sold
( a)
Other expenses
Income (loss) before income taxes
Income taxes (35% tax rate)
( l )
Net income (loss)
$ m
$ ( b)
Beginning balance
$ n
o
c
Dividends
Ending balance
$ p
$ d
Assets:
Cash
$ q
$ e
Accounts receivable, net
Property, plant and equipment, net
Other assets
r
Total assets
$ s
Liabilities:
Current liabilities
$ t
Notes payable and long-term debt
Deferred liabilities
Total liabilities
$ f
Stockholders’ Equity:
Common stock, $1 par, 300 shares authorized, 225 shares issued
$ u(1)
$ g(1)
Retained earnings
u(2)
g(2)
Other stockholders’ equity
Total stockholders’ equity
v
Total liabilities and stockholders’ equity
$ w
$ h
Net cash provided by operating activities
$ x
Net cash used in investing activities
Net cash used in financing activities
Increase (decrease) in cash
i
Cash at beginning of year
y
Cash at end of year
$ z
$ j
g(1)
h
l
q
s
BIB CORPORATION
PREPARE INCOME STATEMENT BELOW HERE
Accounts payable
Accrued salary payable
Accumulated depreciation
Allowance for doubtful accounts
Bonds payable (maturity July 1, 2012)
Cash
Common stock
Copyright
Dividend…