2017 $1,000,000 2018 $3,000,000 Revenue Other expenses Exploration expenses 400,000 1,300,000 120,000 238,000 $1,462,000 Income before income taxes $ 480,000 Income tax expense (21%) 100,800 307,020 $379,200 $1,154,980 11.55 Net income Earnings per share 3.79 The company chooses to change to the full-cost method at the beginning of 2019. Under the full-cost method, Delta capitalizes all exploration costs of the Oil and Gas Properties asset account on its balance sheet. It deter- mines the exploration and amortization expense amounts under the full-cost method to be as follows: 2017 2018 2019 Exploration expense Amortization expense $ 0 8,000 $ 0 18,200 $ 0 42,000 In addition, Delta reported revenue of $9,000,000 and other expenses of $4,200,000 in 2019. With the 2019 financial statements, the company issues comparative statements for the previous 2 years.

Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Ayayai Company uses (a) the fair value method and (b) the equity method for accounting for its investments in Sunland Company. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Do not leave any answer field blank. Enter 0 for amounts.)         (a) Fair Value Method   (b) Equity Method     Transaction   Investment Account   Dividend Revenue   Investment Account   Investment Revenue 1.   At the beginning of Year 1, Ayayai bought 30% of Sunland's common stock at its book value. Total book value of all Sunland's common stock was $760,000 on this date.                 2.   (a) During Year 1, Sunland reported $52,000 of net income.                     (b) During Year 1, Sunland paid $28,500 of dividends.                 3.   (a) During Year 2, Sunland reported…

Please do not give solution in image format thanku

Please do not give solution in image format ? And Fast Answering Please ? And Explain Proper Step by Step.

Can you provide the statement of profit and loss please Thanks in advance

can you explain to me how to solve these 3 multiple choice questions based on the first image?

Concord Today Publishers completed the following investment transactions during 2024 and 2025: i (Click the icon to view the transactions.) Requirements 1. Journalize Concord Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Peaceful stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Concord's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Dec. 6, 2024: Purchased 1,100 shares of Peaceful stock at a price of $21.00 per share, intending to sell the investment next month. Concord did not have significant influence over Peaceful. Date Credit 2024 Dec. 6 Accounts C Debit More info Dec. 6, 2024 Dec. 23, 2024 Dec. 31, 2024 Jan. 27, 2025 Purchased 1,100 shares of Peaceful…

Hartford Today Publishers completed the following investment transactions during 2024 and 2025: i (Click the icon to view the transactions.) Requirements 1. Journalize Hartford Today's investment transactions. Explanations are not required. 2. On December 31, 2024, how would the Golden stock be classified and at what value would it be reported on the balance sheet? Requirement 1. Journalize Hartford's investment transactions. Explanations are not required. (Record debits first, then credits. Exclude explanations from journal entries. If no entry is required, select "No entry required" on the first line of the Accounts column and leave the remaining cells blank.) Dec. 6, 2024: Purchased 950 shares of Golden stock at a price of $35.00 per share, intending to sell the investment next month. Hartford did not have significant influence over Golden. Date Debit Credit 2024 Dec. 6 Accounts More info Dec. 6, 2024 -C Dec. 23, 2024 Dec. 31, 2024 Jan. 27, 2025 Purchased 950 shares of Golden stock…

Perform a horizontal analysis for Davis Inc. Use 2017 as the base year

Please do not give image format and fast answering