Problem Two Presented below is information related to Roses Marie Company for the year 2017 Net sales $ 950,700 C

Problem Two

Presented below is information related to Roses Marie Company for the year 2017

Net sales                                                                                        $ 950,700

Cost of goods sold                                                                           450,800

Operating expenses                                                                         200,670

Dividend revenue                                                                               10,200

Interest revenue                                                                                 7,500

Interest expense                                                                                15,600

Depreciation expense omitted in 2016                                             35,700

Uninsured loss due to flood (unusual and infrequent)                     60,800

Dividends declared and paid                                                              22,800

Retained earnings at December 31, 2016                                    1,999,900

Effect on prior years of change in accounting principle (credit)        23,300

Loss from operations of discontinued segment of business            41,200

Loss from disposal of segment of business                                   110,400

Federal tax rate of 30% on all items       

Common stock shares outstanding 90,000 shares.                               

Instructions:

(a) Prepare the income statement (multiple) for 2017. (Remember calculation of EPS)

(b) Prepare the retained earnings statement for 2017.

(c) Remember preparing two disclosures in both financial statement.

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more