17) Given the following information, prepare a single-step Income Statement for Brandon’s Corporation for the year ending December 31, 2012. Net Sales Revenue $380,745 Supplies Expense ...

Net Sales Revenue

$380,745

Supplies Expense

$31,400

Rent Expense

$21,500

Cost of Goods Sold

$109,140

Insurance Expense

$48,900

Equipment

$37,200

Accounts Receivable

$14,109

Accounts Payable

$26,351

Land

$35,000

Inventory

$81,311

Prepaid Supplies

$9,003

Income Taxes Expense

$45,284

Interest Expense

$6,500

Other PPE

$26,550

Cash

$48,945

Retained Earnings

$176,309

Accum. Depr. (all)

$21,013

Prepaid Insurance

$9,140

Common Shares

$43,500

Equipment

$37,200

Accounts Receivable

$19,114

Accounts Payable

$36,651

Land

$35,000

Inventory

$81,400

Supplies

$9,103

Income Taxes Payable

$5,378

Office Computers

$16,399

Other PPE

$26,550