201. Prepare (a) a single-step income statement, (b) a retained earnings statement, and (c) a balance sheet in report form from the following data for Kooper Co., taken from the ledger after adjustment on December 31, 2009 the end of the fiscal year.
Accounts Payable
$ 97,200
Accounts Receivable
64,300
Accumulated Depreciation - Office Equipment
72,750
Accumulated Depreciation - Store Equipment
162,100
Administrative Expenses
56,500
Capital Stock
70,000
Retained Earnings 1/1/09
11,750
Cash
53,000
Cost of Merchandise Sold
121,700
Dividends
52,000
Interest Expense
12,000
Merchandise Inventory
93,250
Note Payable, Due 2010
154,000
Office Equipment
149,750
Prepaid Insurance
6,500
Rent Revenue
17,500
Salaries Payable
28,700
Sales (net)
365,500
Selling Expenses
41,500
Store Equipment
325,000
Supplies
4,000
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