Cash....... $10,000 A. Armani, Withdrawals $13,000 Accounts receivable. 9,000 Consulting revenue Rental revenue.. 33,000 Supplies... 6,000 22,000 Equipment.. 5,000 Salaries expense. 20,000 Accounts payable . 11,000 Rent expense 12,000 A. Armani, Capital, Dec. 31, 2018. 16,000 Selling and administrative expenses. 8,000 A. Armani, Capital, Dec. 31, 2019. 19,000

F. Based on Baker’s account balances, the amount of Net Income that would be shown on Baker’s Income Statement for December 2017 would be:

a,b, and c please

Granite, Incorporated is the largest uniform supplier in North America. Selected information from its annual report follows. For the 2019 fiscal year, the company reported sales revenue of $6.1 billion and Cost of Goods Sold of $4.3 billion. Fiscal Year Balance Sheet (amounts in millions) Cash and Cash Equivalents Accounts Receivable, Net Inventory Prepaid Rent and Other Current Assets Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Other Current Liabilities 2019 Current Ratio Inventory Turnover Ratio Accounts Receivable Turnover Ratio $ 540 860 330 795 210 520 116 28 2018 $430 810 340 660 190 520 28 320 Required: Assuming that all sales are on credit, compute the following ratios for 2019. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.

Selected information from Bigg Company's financial statements follows:       Fiscal Year Ended December 31     2019   2018(in thousands)   2017 Gross sales   $2,004,719   $1,937,021   $1,835,987 Less: Sales discounts   4,811   4,649   4,406 Less: Sales returns and allowances   2,406   2,324   2,203 Net sales   $1,997,502   $1,930,048   $1,829,378 Cost of goods sold   621,463   619,847   660,955 Gross profit   $1,376,039   $1,310,201   $1,168,423 Operating expenses   577,369   595,226   583,555 Operating income   $798,670   $714,975   $584,868 Other income (expenses)   15,973   (6,140)   (8,773) Net income   $814,643   $708,835   $576,095       At December 31     2019   2018(in thousands)   2017 Accounts receivable   $201,290   $195,427   $182,642 Less: Allowance for doubtful accounts   2,516   2,736   2,192 Net accounts receivable   $198,774   $192,691   $180,450 Required: 1.  Calculate the following ratios for 2018 and 2019. Round your answers…

Following are selected accounts for Best Buy, Inc., for the fiscal year ended February 2, 2019. (a) Indicate whether each account appears on the balance sheet (B) or income statement (I). Best Buy, Inc. ($ millions)Amount Classification  Sales $42,879 Answer B I    Accumulated depreciation 6,690 Answer B I  Depreciation expense   770  Answer B I  Retained earnings  2,985  Answer B I   Net income 1,464 Answer B I   Property, plant & equipment, net 2,510 Answer B I   Selling, general and admin expense 8,015 Answer B I  Accounts receivable 1,015  AnswerB I   Total liabilities 9,595  Answer B I  Stockholders' equity  3,306  Answer B  I (b) Using the data, compute total assets and total expenses. Total Assets Answer Total Expenses Answer answer complete and correct and in detail with all work

On the attached page prepare a well-formatted multi-section income statement for the Fiona Company for the fiscal year ending December 31, 2020 from the data below. Use the entire figures as shown on your income statement.Note: For items in section 2 (Other Items) and section 4 (Below-the-line Items) use brackets if an item will have a negative impact on earnings.   In section 1 individual items are not generally shown in brackets except for calculated margins or totals if negative.   Cost of Goods Sold amounted to $20,000. Sale of equipment that had a historical cost of $1,400 had accumulated depreciation of $910 and was sold for $890. The tax rate related to such a transaction is 25%. Non-taxable interest income on municipal bonds of $300 Sales revenue totaled $35,000. Interest expense totaled $500 for the period. Selling and Administrative Expenses amounted to $6,000 The company discontinued operations during the year that will result in total losses before taxes of $2,000. This…

Lansing Company’s 2018 income statement and selected balance sheet data (for current assets and current liabilities) at December 31, 2017 and 2018, follow.  LANSING COMPANYIncome StatementFor Year Ended December 31, 2018 Sales revenue $ 100,200 Expenses     Cost of goods sold   43,000 Depreciation expense   12,500 Salaries expense   19,000 Rent expense   9,100 Insurance expense   3,900 Interest expense   3,700 Utilities expense   2,900 Net income $ 6,100      LANSING COMPANYSelected Balance Sheet Accounts At December 31 2018   2017   Accounts receivable $ 5,700   $ 6,000   Inventory   2,080     1,590   Accounts payable   4,500     4,800   Salaries payable   900     710   Utilities payable   240     170   Prepaid insurance   270     300   Prepaid rent   240     190       Required:Prepare the cash flows from operating activities section only of the company’s 2018 statement of cash flows using the direct method. (Amounts to be…

1.32. Creating Balance Sheets and Income Statements.  Using the information in the below table, prepare a classified balance sheet for Erie Company as of December 31, 2019 and December 31, 2020, along with multi-step income statements for the years then ended