ws 7 a4

2013
2012

110000
99000

52000
48000

58000
51000

36000
33000

4000
4000

18000
14000

5400
4200

12600
9800

49500
18000

37000
32000

25000
38000

95000
105000

206500
193000

42000
35000

1000
500

40000
40000

83000
75500

90000
90000

33500
27500

206500
193000

2013
2012

110000
99000

52000
48000

58000
51000

36000
33000

4000
4000

18000
14000

5400
4200

12600
9800

49500
18000

37000
32000

25000
38000

95000
105000

206500
193000

42000
35000

1000
500

40000
40000

83000
75500

90000
90000

33500
27500

206500
193000

Student Name:
Class:
Retained earnings
Cash
Given Data PA13-1:
Problem A 13-1
Total liabilities and stockholders’ equity
Comparative Financial Statements
Income Statement
Amount
Increase (Decrease)
Balance Sheet
Inventory
Additional Information:
declared and paid.
Requirement 2:
Total Liabilities
Total Assets
1. One-half of all sales are on credit.
Percent
PINNACLE PLUS
Sales Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Interest Expense
Income before Income Tax Expense
Income Tax Expense
Net Income
Accounts Receivable (net)
Property and Equipment (net)
Accounts Payable
Income Tax Payable
Note Payable, Long-term
Capital Stock (par $10)
Retained Earnings
Total Liabilities and Stockholders’ Equity
Income Tax Expense (30%)
Accounts Receivable, Net
Property and Equipment Net
December 31, 2013
2. During 2013, cash dividends amounting to $6,600 were
2013 over 2012

Enter appropriate formulas in the yellow cells. Your calculations for percentage change will be verified.

HINT: use the =ROUND function rounding to four decimal places.

Enter a short answer in the space provided.