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1) Prepare a multiple-step income statement, statement of retained earnings, and balance sheet using these numbers:
2) Complete a vertical analysis of the: Income statement, balance sheet
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Accounts Payable 62530
Accounts Receivable 142500
Accumulated Depreciation/Office Equipment 50930
Accumulated Depreciation/Store Equipment 49200
Advertising Expense 79710
Cash 68610
Common Stock 150000
Cost of goods sold 2400270
Depreciation Expense/Office Equip 32150
Depreciation Expense/Store Equip 29630
Insurance Expense -- Office 15220
Interest Expense 17510
Merchandise Inventory 202470
Notes Payable(due in 2019) 169840
Office Equipment 152860
Office Salaries Expense 99290
Office Supplies 20820
Office Supplies Expense 17780
Paid In Capital In Excess of Par 200000
Prepaid Insurance 32080
Rent Expense - Office 56030
Rent Revenue 29680
Retained Earnings 15890
Salaries Payable 17910
Sales 3601390
Sales Discount 39960
Sales Returns & Allowances 62260
Sales Salaries Expense 486690
Store Equipment 355520
Store Supplies Expense 16010
Dividends 20000
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