Prepare an Income statement and Balance sheet with info below please. INCOME STATEMENT BLANKS BALANCE SHEET BLANKS

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Prepare an Income statement and Balance sheet with info belowplease.

Prepare An Income Statement And Balance Sheet With Info Below Please Income Statement Blanks Balance Sheet Blanks 1 (106.66 KiB) Viewed 42 times

INCOME STATEMENT BLANKS

Prepare An Income Statement And Balance Sheet With Info Below Please Income Statement Blanks Balance Sheet Blanks 2 (40.65 KiB) Viewed 42 times

BALANCE SHEET BLANKS

Prepare An Income Statement And Balance Sheet With Info Below Please Income Statement Blanks Balance Sheet Blanks 3 (60.42 KiB) Viewed 42 times

Direct materials used Direct labor Manufacturing overhead Total manufacturing costs Beginning work in process inventory Ending work in process inventory Sales revenue Sales discounts Cost of goods manufactured Beginning finished goods inventory Cost of goods available for sale Cost of goods sold Ending finished goods inventory Gross profit Operating expenses Net income 1 $9,700 5,100 8,400 23,200 1,100 7,200 25,000 2,600 17,100 5,000 22,100 18,600 3,500 3,800 2,800 1,000 (a) (b) (c) (d) (e) (f) Case $ 2 3,900 8,100 4,100 16,100 9,100 3,100 28,500 1,500 22,100 3,400 25,500 22,900 2,600 7,100 (g) 5,100 (h) (i) (j) (k) 2,000 (1)

Prepare an income statement for Case 1. 4: + + + + CASE 1 Income Statement + $ $ 1007

Prepare the current assets section of the balance sheet for Case 1. Assume that in Case 1 the other items in the current assets section are as follows: Cash $3,100, Receivables (net) $15,100, Raw Materials $610, and Prepaid Expenses $410. (List Current Assets in order of liquidity.) + + + + + CASE 1 Balance Sheet (Partial) $ ASSETS + $ $