202. Prepare (a) a single-step income statement, (b) retained earnings statement, and (c) a classified balance sheet in report form from the following data for Kooper Co., taken from the ledger after adjustments on December 31, 2012, the end of the fiscal year.
Accounts Payable$ 97,200
Accounts Receivable64,300
Accumulated Depreciation - Office Equipment72,750
Accumulated Depreciation - Store Equipment162,100
Administrative Expenses56,500
Capital Stock20,000
Cash53,000
Cost of Merchandise Sold121,700
Dividends52,000
Interest Expense12,000
Merchandise Inventory93,250
Note Payable, Due 2014154,000
Office Equipment149,750
Prepaid Insurance6,500
Rent Revenue17,500
Retained Earnings61,750
Salaries Payable28,700
Sales (net)365,500
Selling Expenses41,500
Store Equipment325,000
Supplies4,000