Wildhorse co income statement
Wildhorse co income statement. Income statement for the period ended 31-07-2017. 2. Here's the calculation for the income statement: WILDHORSE & CO. appears below. reported $145, 700 of net income for 2020 . Service revenue $846,000 Operating expenses (excluding depreciation) $630,000 Depreciation expense 61,000 Loss on sale of equipment 27,000 718,000 Income before income taxes 128,000 Income tax expense 40,000 Net income $88,000 Wildhorse’s balance sheet contained the Dec 31, 2022 · Income Statements For the Years Ended December 31 2022. ds Sold Gross Dec 31, 2020 · Question: Prepare a multiple-step income statement for Wildhorse, Inc. 800 Exercise 12-4 Wildhorse Co. ’s general ledger are presented below for the year ended December 31, 2022: Advertising expense $ 59,000 Interest revenue $ The following selected accounts from the Wildhorse Co. $0 The 2025 income statement of Wildhorse Corporation included the following items All of Wildhorse's revenue is received in cash (no Accounts Receivable). bought a trademark from blossom, inc. 930. Wildhorse, Inc. Wildhorse Company reported these income statement data for a 2-year period. $ 54,000 Beginning cash balance Accounts payable decrease 4,440 Depreciation expense 194,400 Accounts receivable increase 9,840 Inventory increase 13,200 Net income 340,920 42,000 14,400 Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to Wildhorse Co has January 1, 2025, balances in common stock $351, 200, accumulated other comprehensive income $90, 800; and retained earnings $97, 480, It issued no stock during 2025. Adjusted Trial Balance December 31, 2022 Debit Cash $15,708 Accounts Receivable 2,244 Supplies 1,836 Equipment 15,810 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Dividends 3,570 Service Revenue Supplies Expense 1,122 Depreciation Expense 2,550 Rent Expense During 2020, Wildhorse Co. An Income statement is a financial document which tells the accounting results of an organisation in In its income statement for the year ended December 31, 2025, Wildhorse Inc. is given below: WILDHORSE CO. After analyzing the data, prepare an income statement for the year ending December 31, 2022. The balance sheet showed total assets $159. are as follows. $862 Accounts payable Accounts receivable 900 Accumulated depreciation-equipment 680 Cash 1. Your solution’s ready to go! Our expert help has broken down your problem into an easy-to-learn solution you can count on. Operating expenses: $722,000. for the year ended December 31, Cash flow from investing activities=Sale of land-Purchase of land=$124,800-$97,200=$27,600 Formulas: A B Cash flow statement (Indirect method) 1 2 Particulars 3 Cash flow from Operating activities 4 Net income 5 Net cash provided by operating activities: 6 Depreciation expense 7 Decrease in income tax Current Attempt in Progress The income statement of Wildhorse Co. Adjustments that had to be made to reconcile the gain to the overall lower volume of funds include depreciation expenses of $103,900, and reductions in various areas, such as funds owed to merchants ($334,500), advance payment of Step 1. 700 C. Question: Presented below is information for Wildhorse Co. Here is the income statement for Wildhorse, Inc. Income Statement For the Year Ended December 31, 2022 Service revenue Operating expenses, excluding depreciation $624. 440 887,560 593,960 293,600 402,400 Net sales Cost of goods sold Gross profit Selling and administrative expenses Income from operations Other expenses and losses Interest expense Income before income Wildhorse Co. 930, Supplies Expense $950, and Utilities Expense $660. However, the ending inventory at December 31,2024 , is overstated by $7, 850. ) Earnungs per share of comimon stock: Incume from Question: The following items and amounts were taken from Wildhorse Co. for the month of July shows net income of $3,500 based on Service Revenue $8,040, Salaries and Wages Expense $2. reported the following income statement data for a 2-year period 2018 2019 Sales revenue $216,500 $257,000 Cost of goods sold Beginning inventory Cost of goods purchased Cost of goods available for sale Ending inventory 34,500 186,500 221,000 45,000 176,000 $40,500 45,000 205,000 250,000 53,500 196,500 $60,500 Cost of goods sold Gross profit Wildhorse Co. for the year 2025 . 1. Wildhorse Company uses a periodic inventory system. 16,800 Before the correction was made, the January 1, 2025, retained earnings was understated by A 54. Jul 31, 2017 · Step 1. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $567,300 1,204,140 86,620 79,300 378,200 Loss on disposal of plant assets Sales revenue Income Dec 31, 2022 · The following information is available for Wildhorse Co. (List Other nevenues before Other expenses. Net cash provided by operating activities for 2022 was $272,800. Here are incomplete financial statements for Wildhorse Co. Preparation WILDHORSE CORP. Wildhorse also reported depreciation expense of $49,900 and a loss of $6,300 on the disposal of plant assets. an independent research company estimated that the useful life of the trademark at that time was 10 years. Retained Earnings Statement Beginning retained earnings $19,100 Add: Net income (e) Less: Dividends Ending retained earnings 4,710 $34,100 Wildhorse Co. Retained Earnings Statement For the Year Ended April 30, 2017 Retained Earnings, May 1, 2016 1600 2230 Add L Net Income / (Loss) 3830 Less Dividends 415 Retained Earnings, April 30, 2017 3415 Click if you would like to Show Work for this question: Open Show Work Prepare a classified balance sheet for Wildhorse Co. had the following account balances: Sales revenue $ 444000 Cost of goods sold 217000 Salaries and wages expense 25500 Depreciation expense 63500 Dividend revenue 11200 Utilities expense 24000 Rent revenue 59600 Interest expense 36800 Sales returns and allow. Service revenue $2,463,800 Operating expenses, excluding depreciation $1,559,560 Depreciation expense $139,700 Loss on disposal of plant assets $40,640 Total operating expenses $1,739,900 Jan 1, 2022 · Question: The following information relates to Wildhorse Co. (a) Prepare correct income statement data for the 2 years. 08:31 AM / Remaining 61 min CALCULATOR PRINTER VERSION BACK NEXT Practice Problem 01 a, b1-63 On August 31, the balance sheet of Wildhorse Co. Insurance expired during July of $540 was omitted. Income Statement For the Year Ended December 31, 2017 Service revenue $2,463,800 Operating expenses, excluding depreciation Jan 4, 2019 · Wildhorse's income statement for the year ended December 31, 2021, should show the cumulative Wildhorse Co. Dec 31, 2017 · In its income statement for the year ended December 31, 2017, Wildhorse Co. Prepare a multiple-step income statement. Income Statement (Partial) $ Wildhorse Co. Balance Sheet December 31, 2022 Assets Current assets Cash $ 56,200 Debt investments 87,000 Dec 31, 2000 · On December 31, 2022, Wildhorse Co, prepared an income statement and balance sheet, but failed to take into account three adjusting entries. Calculate the missing amounts. The balance sheet showed totat assets $165, 000, total liabilities $77, 000, and stockholders' equity $88, 000, The incorrect income statement showed net income of $77, 000. Income Statement 20 July 31, 2022 III 1 E. The comparative balance sheet shows a decrease in accounts receivable of $14,600 for the year, $16,600 increase in accounts payable, and a $4,800 decrease in prepaid Wildhorse Company’s income statement for the year ended December 31, 2020, contained the following condensed information. prepared an income statement and balance sheet, but failed to take into account three adjusting entries. ’s income statement contained the condensed information below. Income Statement For the Year Ended December 31, 2022 Net sales $2,239,000 Cost of goods sold 1. Wildhorse Co. You are provided with the following information for Wildhorse Co. 530 Goodwill 1. Beginning cash balance $ 28,800 Accounts payable increase 6,840 Depreciation expense 49,200 Accounts receivable decrease 5,760 Inventory decrease 3,720 Net income 68,640 Cash received for sale of land at book value 124,800 Cash dividends paid 45,600 Income taxes payable decrease Cash used to purchase The adjusted trial balance of Wildhorse Co. For the Year Ended December 31, 2017. Dec 31, 2022 · On December 31, 2022, Wildhorse Co. In reviewing the statement, you discover the following: 4. reported the following condensed data Salaries and wages expenses $720,750 Loss on disposal of plant assets 129,425 Cost of goods sold Interest expense Interest revenue Depreciation expense 1,529,850 Sales revenue 110,050 100,750 480,500 Income tax expense Sales discounts Utilities expense 3,425,500 38,750 248,000 Dec 31, 2022 · In its income statement for the year ended December 31, 2022, Wildhorse Co. To prepare an income statement for July, we need to calculate the revenues and expenses for Wildhorse & Co. had sales revenue of $556,300 in 2020. 9%. Condensed balance sheet and income statement data for Wildhorse Co. for the month of July shows net income of $3,500 based on Service Revenue $8,040, Salaries and Wages Expense $2,930, Supplies Expense $950, and Utilities Expense $660. Trial Balance August 31, 2022 Before After Adjustment Adjustment Dr. 700 Income tax expense 175 Income taxes Dec 31, 2017 · The income statement of Wildhorse Company is shown below. Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense $976,500 Loss on disposal of plant assets $175,350 2. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Dec 31, 2022 · Question: In its income statement for the year ended December 31, 2022, Wildhorse Co. 900 Accounts payable 7. are presented as follows. reported net income of $190,100 for 2022. The comparative statements of Wildhorse Co. Assume the 250,000 shares of common stock were outstanding during 2025 . WILDHORSE CO. Retained Earnings Statement For the Year Ended April 30, 2017 Retained Earnings, May 1, 2016 1600 Add Net Income / (Loss) 2230 3830 Less Dividends 415 Retained Earnings, April 30, 2017 3415 Wildhorse Co. Determine the missing amounts. ’s 2017 income statement and balance sheet. 48. Owner's capital, January 1, 2020 = $57,158 ; Advertising expense = $2,143 ; Owner's drawings during 2020 = $7,145 ; Rent expense = $12,384 ; Service revenue = $75,735 ; Utilities expense = $3,691 ; Salaries and wages expense = $35,129 After analyzing the data, prepare an income statement for the year ending December 31, 2020. Dec 31, 2017 · in its income statement for the year ended December 31, 2017, Wildhorse Co. Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Net Income Year 1 $ 74,640 $ (b) $ 30,600 $ (d) $12,140 Year 2 $108,600 $72,600 $ (c) $ (e) $30,530 Year 3 $ (a) $75,410 $111,280 $48,930 $ (f) There are 3 steps to solve this Question: Presented here are the components in Wildhorse Co's income statement. The weighted average common shares outstanding during the year was 50. uses a periodic Wildhorse Co. All sales were on account. then, plot the expenses recorded in the summary and add them together to get the total expenses which is $4,540. In reviewing the statement, you discover the following: 1 2 3 Insurance expired during July of $540 was omitted. for the year 2020. What amount of interest revenue from the lease should Wildhorse report in its 2021 income statement? $5695. In reviewing the statement, you discover the following 1 2. Income Statements For the Years Ended December 31 2022 2021 Net sales $1,882,400 $1,750,000 Cost of goods sold 1,047,000 1,026,120 Gross profit 835,400 723,880 Selling and administrative expenses 510,000 488,580 Income from operations 325,400 235,300 Other expenses and losses Interest expense 22,440 20,400 Income The corporation's tax rate is 30%. Insurance expired during July of 5540 was omitted Supplies expense includes Presented here are the components in Wildhorse Co. ’s income statement. for the month of January 2022. disposed of Maria Division, a major component of its business. (We provide the results from 2021 for comparative purposes. Revenues: Revenues from transactions 1, 2, and 4: $18,000 + $4,000 + $4,900 = $26,900 Expenses: Dec 31, 2022 · The following information is available for Wildhorse Co. The accountant, in preparing the statement of cash flows, noted the following items occurring during 2020 that might affect cash flows from operating activities. 15. on December 31, 2025, Assume the total effective tax rate on all items is 20%. Statement of Owner's Equity. Insurance expired during July of $530 was omitted. based on the given transactions. ’s general ledger are presented below for the year ended December 31, 2022: Expert-verified. Income Statement For the Year Ended December 31, 2022 Service revenue Operating expenses, excluding depreciation $624,100 Depreciation expense 55,400 Loss on disposal of plant assets 25,200 Income before income taxes Income tax expense Net income 704,700 265,700 39,100 $226,600 Wildhorse's Dec 31, 2022 · Wildhorse Co. purchased machinery that cost $2850000 on January 4, 2019. The comparative balance sheets show an increase in accounts receivable of $13,520 for the year, a $16,200 increase in accounts payable, and a $3,990 increase in prepaid expenses. Sales Revenue Cost of Goods Sold Gross Profit Op Year 1 $ 74,660 (b) $ 34,200 $ Year $110,000 $74,400 $ (c) $ N Year 3 (a) $75,920 $110,030 Presented here are the components in Wildhorse Co's income statement Determine the missing amounts. Income Statement For the Year Ended July 31, 2022 Revenues Service Revenue $ 67,900 Rent Revenue $10,000 Total Revenues $ 77,900 Expenses Salaries and Wages Expense $ 59,300 i Supplies Expense $17,100 i Depreciation Expense $4,000 i Total Expenses > $80,400 i Net Income / (Loss) $ -2500 WILDHORSE CO. The balance sheet showed total assets $129,000, total liabilities $60,200, and stockholders' equity $68,800. 015. On December 31. Cash $10,720 $10,720 Accounts Receivable 8,450 9,040 Supplies 2,520 1,310 Prepaid Insurance Dec 31, 2020 · In its income statement for the year ended December 31, 2020, Wildhorse Co. The incorrect income statement showed net income of $56,000. Income Statements For the Years Ended December 31 2022 2021 $2. 3. $5950. 000 (a) Compute the following values and ratios for 2022. Retained Earnings Statement Beginning retained earnings $19,100 Add The financial operations of the company for the year that ended on November 30, 2022, shows a gain of $1,685,600. Income Statement Revenues $85,800 Cost of goods sold (c) Salaries and wages expense 10,400 Net income $ (d) WILDHORSE CO. 100 Depreciation expense 55,400 Loss on disposal of plant assets 25. Trial Balance August 31, 2022 Before Adjustment After Adjustment Dr. 900 Service revenue 64. Here’s the best way to solve it. Capital expenditures were $168,640, and cash dividends were $79,064. subtract the total expenses from the revenue to get a profit of $3,860. Income Statement For the Year Ended December 31, 2025 Net sales $423,000 Cost of goods sold 232,600_ Gross profit 190,400 Expenses (including $11,100 interest and $25,500 income taxes) 77,500_ Net income $112,900__ Additional information: Common stock outstanding January 1, 2025, was 21,800 shares, and 37,900 shares were The Income statement of Wildhorse Co. This problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. The data for the three adjustments were: 1. for the month of July shows net income of $1,720 based on Service Revenue $4,730, Salaries and Wages Expense $1,806, Supplies Expense $774, and Utilities Expense $430. as of April 30 Jul 31, 2017 · The income statement of Wildhorse Co. In its income statement for the year ended December 31, 2022, Wildhorse Co. How should these facts be reported in Wildhorse's income statement for 2020? Question: WILDHORSE CO. for $2090000. for the month of January 2025. Prepare an income statement for Wildhorse Co. from the tabular summary of transactions, plot the revenues on the income statement for $8,400. Round earnings per share to 2 decimal places, e. Owner’s capital, January 1, 2022 $ 53,923 Advertising expense $ 2,022 Owner’s. Other items recorded during the year were: Cost of goods sold Salaries and wages expense Income tax expense Increase in value of company reputation Other operating expenses Unrealized gain on value of patents $329,700 125,600 25,860 15,240 10,450 20,290 Prepare a single-step income statement for Wildhorse for 2020. Dec 31, 2022 · The GAAP income statement for Wildhorse Company for the year ended December 31,2022 , shows sales $950, 000, cost of goods sold $595, 000, and operating expenses $165, 000. 's income statement contained the condensed information below. Dec 31, 2017 · Wildhorse Co. Income Statement For the Year Ended December 31, 2022 Cost of Goods Sold Interest Revenue Interest Expense Loss on Disposal of Plant Assets Income Tax Expense 943000 39000 \begin{tabular}{|c|c|c|} \hline & -51000 & i \\ \hline $ & \multicolumn{2}{|c|}{107000 Income Statement Revenues Tovarnalities and SLOCKNOers equity p07,IVU WILDHORSE CO. 42. $394450 Income Statement. Question: on january 2, 2025, wildhorse co. , effective as of its April 30, 2017, year-end Accounts payable Accounts receivable Accumulated depreciation-equipment Cash Common stock Cost of goods sold Depreciation expense Dividends Equipment Income tax expense Income taxes payable Insurance expense Interest expense Inventory Land Mortgage payable Notes payable Prepaid Step 1. Ignoring income tax consideration, HunterX statement of comprehensive income for the year ended December 31, 2025 should show depreciation expense in the amount of A. showed Cash $11,000, Accounts Receivable $3,700, Supplies $600, Equipment $6,000, Accounts Payable $5,600, Common Stock $14,950, and Retained Earnings $750. 000 total liabilities $74200 and stockholders' equity $84,800. enter an income Aug 31, 2022 · Identify the revenue amounts from the adjusted trial balance to include in the income statement. 2. 32800 Advertising expense 38500 What would Wildhorse report as total revenues in a single-step income statement? $482000 Dec 31, 2017 · Question: Problem 12-5A Wildhorse Co. The data for the three Wildhorse Co. Prepare a multiple-step income statement for 2025. 400 B. reported net income of $176,240 for 2022. Jun 1, 2022 · Step 1. 48 400 C. The adjusted trial balance for Wildhorse Co. Income st The unadjusted and adjusted trial balance for Wildhorse Co. The following information relates to Blossom Co. Answer. Prepare an income statement using the multiple-step format. Dr. WILDHORSE COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2017 Sales revenue $6,910,000 Cost of goods sold Beginning inventory Purchases Goods available for sale Ending inventory Cost of goods sold $1,920,000 4,420,000 6,340,000 1,590,000 4,750,000 2,160,000 Gross profit Operating expenses Selling expenses Administrative Dec 31, 2022 · Question: The following selected accounts from the Wildhorse Co. has the following data for the year ended December 31, 2020: Net sales $ 272,500 Loss on disposal of discontinued operation 20. Supplies Expense $950 and Utilities Expense $660. reported the following condensed data. Service revenue Dec 31, 2017 · On December 31, 2017, Wildhorse Co. Dec 31, 2021 · Income Statement etextbook and Media List of Accounts Prepare a retained earnings statement for the month ending January 31, 2022 (Round answers to 0 decimal places, e 1. for the year 2022. 's return on common stockholders' equity for 2020. Income Statement Revenues $85,800 Cost of goods sold (c) \begin{tabular}{lr} Salaries and wages expense & 10,400 \\ Net income & $ \\ \hline \end{tabular} (d) WILDHORSE CO. Retained Eamings Statement Prepare a retained earnings statement for the month ending January 31, 2022. 000 Selling and administrative expenses 910,000 75,000 Interest expense Income tax expense 73,000 $ 166,000 Net income Wildhorse Co. There are 2 steps to solve this one. Income Statement December 31, 2025 For the Quarter Ended December 31, 2025 For the Year Ended December 31, 2025 $ Current Attempt in Progress The following balances were taken from the books of Wildhorse Corp. also reported depreciation expense of $34,330 and a loss of $4,840 on the disposal of plant assets. for the year ended December 31, 2020. The following information relates to Wildhorse Co. 200 Income before income taxes Income tax expense Net income $970,400 704,700 265,700 39,100 $226,600 Wildhorse's balance sheets contained the following comparative data at December 31. The incorrect income statement showed net income of $60,200. Apr 30, 2017 · You are provided with the following information for Wildhorse Co. The entire cost was recorded as an expense. Salaries and wages expenses $520,800 Loss on disposal of plant assets $93,520 Cost of goods sold 1,105,440 The comparative statements of Wildhorse Co. purchased machinery that cost $3450000 on January 4, 2019. These financial statement items are for Wildhorse Co. Interest revenue: $33,000. select an opening name for section one DividendsExpensesNet Income / (Loss)Retained Earnings, January 1Retained Earnings, December 31RevenuesTotal ExpensesTotal Revenues. Cr. $362900. Assuming all costs and expenses are 80% variable and 20% fixed, prepare a CVP income statement through contribution margin. 2022 2021 Dec 31, 2022 · Wildhorse Co's income statement contained the following condensed information $970,400 Wildhorse Co. 5. Wildhorse realized a gain of $3010000, net of taxes, on the sale of Maria's assets. 250 WILDHORSE CO. wildhorse expects that the trademark will produce 20% of its cash flows in each Wildhorse Co. ) (Round Current Ratio and Earnings per share to 2 decimal places, eg. Accounts payable Accounts receivable Accumulated depreciation Apr 30, 2017 · Wildhorse Co. 289,400 1,267,000 1,022,400 620,000 $2,135,000 1,247. 900 Cost of goods sold Presented below is information for Wildhorse Corp. Income Statement Compute Wildhorse Co. Prepare the sales section of the multiple step income statement based on this information Wildhorse Co. The income statement of Wildhorse Co. Balance Sheet Assets Liabilities and Stockholders' Equity Jan 1, 2017 · Cash Common stock Dividends Equipment 12,300 5,400 Service revenue 17,300 Supplies 29,600 4,200 4,800 Supplies expense 1,570 29,100 Prepare an income statement for Wildhorse Co. Revenues WILDHORSE CO. $83,000 2,250,000 25,000 150,000 120,000 $465,000 Loss on disposal of plant assets Salaries and wages expenses Cost of goods sold Interest expense Interest revenue Depreciation expense 945,000 Sales revenue 66,000 71,000 Income tax expense Sales discounts 320,000 Utilities expense . Your solution’s ready to go! Dec 31, 2017 · The following information is available for Wildhorse Co. The corporation declared preferred dividends of $12,000 in 2020, and its average common stockholders' equity during the year was $189,000. $6700. Income Statement choose the accounting period For the Month Ended August 31, 2022For the Year Ended August 31, 2022August 31, 2022 The comparative statements of Wildhorse Co. The comparative balance sheets show an increase in accounts receivable of $14,600 for the year, a $16,600 increase in accounts payable, and a $4,800 increase in prepaid expenses. 240 17. The balance sheet showed total assets $120,000, total liabilities $56,000, and stockholders' equity $64,000. Balance Sheets December 31 2017 2016 Assets Cash Receivables (net) Other current assets Long-term investments Property, plant, and equipment (net) Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities Apr 30, 2022 · Question: You are provided with the following information for Wildhorse Co. Balance Sheet Assets Cash $ 14,900 Inventory. Wildhorse had purchased the equipment for $119000. Statement of retained earnings. ) Dec 31, 2017 · Question: Partial adjusted trial balance for Wildhorse Co. (a) Prepare a multiple-step income statement. 400 1,010 Common stock Cost of goods sold Depreciation expense Dividends Equipment 370 300 2. Jan 4, 2019 · Wildhorse's income statement for the year ended December 31, 2021, should show the cumulative effect Wildhorse Co. $1,358,000 Wildhorse Co. In each case, identify whether the item is an asset, liability, stockholders' equity, revenue, or expense item. Apr 30, 2017 · Wildhorse Co. In reviewing the statement, you discover the following: 1 2 3. for the year ended December 31, 2022: Other revenues and gains Other expenses and losses Cost of goods sold Other comprehensive income $9,500 15,200 205,400 5,700 Sales revenue Operating expenses Sales returns and allowances $682,900 238,800 40,000 Prepare a multiple-step income statement The data for the three adjusting entries were: 1. ) Dec 31, 2022 · Here’s the best way to solve it. for the month of July shows net income of $4, 240 based on Service Revenue $8, 400, 5 a l a r i es and Wages Expense $2, 510, Supplies Expense $950, and Utilities Expense $700. 's trial balance of income statement accounts for the year ended December 31, 2017 included the following: Debit Credit Sales revenue $275000 $164000 39600 Cost of goods sold Administrative expenses Loss on disposal of equipment Commissions to salespersons 17700 16300 Interest revenue 10000 Freight-out 5800 23100 operations Bad debt expense 6200 Totals $272700 $285000 Other Step 1. prepared an income statement and balance sheet, but failed to take into account three adjustments. 25 and Debt to assets ratio to 1 decimal place, es 78. . Income Statement For the Year Ended December 31, 2017. , for the year 2025. Prepare the sales section of the income statement based on this information. at year-end, July 31, 2017 Salaries and wages payable $3,880 Salaries and wages expense 59,200 Supplies expense 17,000 Equipment 20,300 Accounts payable 4,100 Service revenue 67,800 Rent revenue The following information is available for Wildhorse Co. Prepare a multiple-step income statement. The following items and amounts were taken from Wildhorse Co's 2022 Income statement and balance sheet Cash Retained earnings Cost of goods sold Salaries and wages expense Prepaid insurance Inventory $ 93,100 Accounts receivable 123,900 Sales revenue 435,400 Notes payable 119. 100 Income tax expense 52. Current Attempt in Progress Wildhorse, Inc. 072,700 Sales revenue 4,641,000 149. Income Statement for July 2024. reported the following condensed data. Income Statement. provides this information for the month ended October 31, 2022: sales on credit $ 305,400; cash sales $ 160,000; sa discounts $6,060; and sales returns and allowances $ 22,070. Apr 30, 2022 · Income Statement For the year ended April 30,2022 Revenues: Sales revenue $6,300 Expenses: Cost of goods sold $1,030 Depreciation expense $350 Income tax expense $16 …. (List Other revenue and gains before Other expenses and losses. 000 B. WILDHORSE CO. Oct 31, 2021 · Wildhorse Co. 2022. 150 Equipment 13,760 13,760 Accumulated Depreciation Dec 31, 2022 · In its income statement for the year ended December 31,2022 , Wildhorse Co. Wildhorse purchased 100 shares of treasury stock at a cost of $20 per share. In reviewing the statement, you discover the following: 1. at December 31, 2017, includes the following accounts: Retained Earnings $16,800, Dividends $4,200, Service Revenue $36,700, Salaries and Wages Expense $13,000, Insurance Expense $1,810, Rent Expense $3,900, Supplies Expense $1,500, and Depreciation Expense $800. Cash $ 9,374 $ 9,374 Accounts Receivable 7,568 8,084 Supplies 2,150 430 Prepaid Insurance 3,440 2. These shares were then resold at $25 per share. Prepare a statement of stockholders' equity. for the year ended December 31, 2017. Presented below is information for Wildhorse Co. Question: Here are incomplete financial statements for Wildhorse Co. (Ignore income taxes. Income Statement For the Year Ended December 31, 2025 Revenues Service Revenue Expenses Salaries and Wages Expense $ $ 83,520 Advertising Expense 2,600 Rent Expense 15,000i Utilities Expense 3,450 i Total Expenses $64,250 Net Income / (Loss) $19,270This information relates to Wildhorse Co. Income Statement For the Year Ended December 31,2017 evenues Service Revenue 29600 xpenses Rent Expense Advertising Expense Supplies Expense otal Oct 31, 2017 · Wildhorse Co, provides this information for the month ended October 31, 2017: sales on credit $305,400, cash sales $154,300, sales discounts $5,130, and sales returns and allowances $23,660. The inventories at January 1, 2024, and December 31,2025 , are correct. 700 Interest expense Question: Presented here are the components in Wildhorse Co. for the year ended December 31, 2022. Maria's operating losses, net of taxes, were $3470000 in 2020. Income Statement choose the accounting period For the Year Ended December 31, 2022December 31, 2022For the Month Ended December 31, 2022. , effective as of its April 30, 2022 year-end. Operating expenses $768,510 Interest revenue $ 28,430 Cost of goods sold 1,296,900 Loss on disposal of plant assets 16,140 Interest expense 71,980 Net sales 2,407,700 Other comprehensive income 7,170 Prepare a multiple-step income statement. Income Statement For the Year Ended December 31, 2022 , Service revenue Operating expenses, excluding depreciation $859,600 Depreciation expense 77,000 Loss on disposal of plant assets 22,400 Income before income taxes Income tax expense 959,000 399,000 Jul 31, 2022 · WILDHORSE CO. Income Statement For the Month Ended June 30, 2022 v Revenues Service Revenue 7900 Expenses Salaries and Wages Expense 1000 Advertising Expense 400 Supplies Expense 860 Maintenance and Repairs Expense 700 Utilities Expense 200 Total Expenses 3160 Net Income / (Loss) 4740 (a2) Prepare a retained earnings statement for the Jan 1, 2022 · WILDHORSE CO. reported net income of $190,100 for 2019. are presented here. 500 136,500 Sales discounts 336,000 651,000 Utilities expense View Policies Current Attempt in Progress Wildhorse Cors income statement contained the condensed information below. The following items were taken from Wildhorse's balance sheet The cash received for services during the year is $367600, $370150. the trademarks carrying value on blossoms books was $1590000. Jul 1, 2021 · The first of eight annual lease payments of $20100 due at the beginning of each year of the lease term was received and recorded on July 3, 2021. 32. ig li sp sq lv xv pz le lv bz