Total revenues Total expenses (excluding income taxes) Income tax expense (all unpaid as of December...
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Accounting
Total revenues Total expenses (excluding income taxes) Income tax expense (all unpaid as of December 31) Cash Receivables from customers (all considered collectible) Merchandise inventory (by inventory count at cost) Payables to suppliers for merchandise purchased from them (will be paid during the following year) Common stock $299,000 184,000 34,500 70,150 34,500 96,600 26,450 59,800 No dividends were declared or paid during the first year. Required: Complete the following two statements: Complete this question by entering your answers in the tabs below. Income Statement Balance sheet Complete the following statements: ANALYTICS CORPORATION Income Statement Total revenues Less: Total expenses (excluding income tax) Pretax income Less: Income tax expense Net income
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