Paper on:
Dickens Corp.’s fiscal year ends on December 31. It started fiscal year 20X6 with $4,800 retained earnings. Below is its financial information as of December 31, 20X6.
Cash |
$3,810 |
Depreciation expense |
$1,005 |
Accumulated depreciation-property, plant, & equipment |
$2,010 |
Accounts receivable |
$2,430 |
Inventory |
$2,901 |
Dividends |
$975 |
Salaries and wages expense |
$2,100 |
Income tax payable |
$404 |
Short-term investment |
$3,600 |
Accounts payable |
$2,502 |
Property, plant, & equipment |
$7,260 |
Salaries and wages payable |
$667 |
Land |
$9,300 |
Interest expense |
$1,200 |
Mortgage payable |
$10,500 |
Cost of goods sold |
$3,180 |
Insurance expense |
$630 |
Prepaid insurance |
$180 |
Notes payable |
$183 |
Sales Revenue |
$15,300 |
Common stock |
$2,700 |
Income tax expense |
$495 |
Prepare the following financial statements for Dickens Corp. Ensure you include appropriate headings and statements are in good form.
Essay needs to be in APA format