Deck 15: Financial Statements and Ratios

Question 1

The table compares the national averages for an industry to the results for a given company in the industry. Identify any areas that might require attention by management and offer suggestions.

Answer 1

Net income is lower while wages are lower and rent is higher than average. (Suggestions will vary.)

Question 2

Provide an appropriate response.
Explain the purpose of a balance sheet.

Answer 2

Answers will vary.

Question 3

The table compares the national averages for an industry to the results for a given company in the industry. Identify any areas that might require attention by management and offer suggestions.

Answer 3

Net income is lower while total expenses and rent are higher than average. (Suggestions will vary.)

Question 4

Provide an appropriate response.
Explain the purpose of the ratio of net income after taxes to average owner's equity.

Question 5

Provide an appropriate response.
Explain why the acid-test ratio is a better measure of financial health than the current ratio.

Question 6

Complete the comparative income statement. Round percents to the nearest tenth of a percent.

Question 7

Provide an appropriate response.
Explain how to determine the cost of goods sold.

Question 8

Complete the balance sheet using vertical analysis. Round to the nearest tenth of a percent.

Question 9

Find (a) the gross profit, (b) the net income before taxes, and (c) the net income after taxes.
MidState Machinery has a cost of goods sold of $90,000, operating expenses of $66,000, taxes of $9,000, and net sales of $288,000.

A)(a)$24,000 (b)$132,000 (c)$123,000
B)(a)$222,000 (b)$132,000 (c)$123,000
C)(a)$24,000 (b)$198,000 (c)$189,000
D)(a)$198,000 (b)$132,000 (c)$123,000

Question 10

Provide an appropriate response.
Explain the purpose of a horizontal analysis of an income statement.

Question 11

The following chart shows some figures from an income statement. Prepare a vertical analysis by expressing each item as a percent of net sales. Round percents to the nearest tenth of a percent.

A)32.0%, 9.0%, 52.6%, 3.8%
B)32.0%, 9.1%, 14.8%, 11.9%
C)32.0%, 28.1%, 14.8%, 11.9%
D)32.0%, 9.0%, 4.7%, 3.8%

Question 12

Provide an appropriate response.
Explain the purpose of an income statement.

Question 13

Complete the income statement.
Central Data Inc. had gross sales of $212,000 with returns of $5,100. The inventory on January 1 was $56,000. During the year $101,000 worth of goods was purchased with freight of $1,700. The inventory on December 31 was $53,000. Wages and salaries were $54,400, rent was $13,600, advertising was $2,200, utilities were $2,700, business taxes totaled $5,600, and miscellaneous expenses were $3,800.

A)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$18,900
B)1)$212,000, 2)$5,100, 3)$206,900, 4)$105,700, 5)$101,200, 6)$82,300, 7)$29,100
C)1)$212,000, 2)$5,100, 3)$217,100, 4)$105,700, 5)$111,400, 6)$82,300, 7)$29,100
D)1)$212,000, 2)$5,100, 3)$206,900, 4)$102,300, 5)$104,600, 6)$82,300, 7)$18,900

Question 14

The table compares the national averages for an industry to the results for a given company in the industry. Identify any areas that might require attention by management and offer suggestions.

Question 15

Complete the income statement.
Cindy's Sweet Shop had gross sales of $370,000 with returns of $6,900. The inventory on January 1 was $50,000. During the year $181,000 worth of goods was purchased with freight of $1,900. The
Inventory on December 31 was $50,000. Wages and salaries were $23,100, rent was $8,700,
Advertising was $5,100, utilities were $2,300, business taxes totaled $5,400, and miscellaneous
Expenses were $3,500.

A)1)$370,000, 2)$6,900, 3)$363,100, 4)$182,900, 5)$180,200, 6)$48,100, 7)$132,100
B)1)$370,000, 2)$6,900, 3)$363,100, 4)$182,900, 5)$180,200, 6)$48,100, 7)$145,900
C)1)$370,000, 2)$6,900, 3)$363,100, 4)$179,100, 5)$184,000, 6)$48,100, 7)$132,100
D)1)$370,000, 2)$6,900, 3)$376,900, 4)$182,900, 5)$194,000, 6)$48,100, 7)$145,900

Question 16

The table compares the national averages for an industry to the results for a given company in the industry. Identify any areas that might require attention by management and offer suggestions.

Question 17

Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
Owner's equity at beginning of year: $1,748,000. Owner's equity at end of year: $2,122,000. Net income after taxes: $447,500.

A)23.1%
B)21.1%
C)25.7%
D)25.6%

Question 18

Complete the balance sheet.
Clara's Secretarial Services: net worth $71,000; cash $39,000; accounts receivable $24,000; inventory $41,000; fixed assets $40,000; long-term notes $26,000; mortgages $10,000; accounts payable
$14,000; notes payable $23,000

A)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000
Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000
Owner's Equity: 71,000; 144,000
B)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000
Liabilities: 23,000; 14,000; 37,000; 10,000; 26,000; 36,000; 73,000
Owner's Equity: 71,000; 144,000
C)Assets: 39,000; 0; 24,000; 104,000; 41,000; 40,000; 144,000
Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 73,000
Owner's Equity: 71,000; 144,000
D)Assets: 39,000; 0; 24,000; 41,000; 104,000; 40,000; 144,000
Liabilities: 26,000; 14,000; 40,000; 10,000; 23,000; 33,000; 71,000
Owner's Equity: 73,000; 144,000

Question 19

Calculate the current ratio and the acid-test ratio. Is the company healthy based on the guidelines given in the text?

A)Current ratio = 2.24 which is fine
Acid-test ratio = 0.25 which is very low
B)Current ratio = 2.24 which is fine
Acid-test ratio = 8.89 which is fine
C)Current ratio = 0.25 which is very low
Acid-test ratio = 2.24 which is fine
D)Current ratio = 8.89 which is fine
Acid-test ratio = 0.25 which is very low

Question 20

Provide an appropriate response.
Explain the purpose of a vertical analysis of an income statement.

Question 21

Complete the balance sheet.
Mullen's Hardware: mortgage $36,000; notes payable $20,000; accounts payable $18,000; long-term notes $27,000; fixed assets $92,000; inventory $65,000; accounts receivable $42,000; notes receivable
$17,000; cash $9,000; owner's equity $124,000

A)Assets: 9,000; 17,000; 42,000; 65,000; 133,000; 92,000; 225,000
Liabilities: 20,000; 18,000; 38,000; 36,000; 27,000; 63,000; 101,000
Owner's Equity: 124,000; 225,000
B)Assets: 9,000; 17,000; 42,000; 65,000; 133,000; 92,000; 225,000
Liabilities: 27,000; 18,000; 45,000; 36,000; 20,000; 56,000; 124,000
Owner's Equity: 101,000; 225,000
C)Assets: 9,000; 17,000; 42,000; 65,000; 133,000; 92,000; 225,000
Liabilities: 27,000; 18,000; 45,000; 36,000; 20,000; 56,000; 101,000
Owner's Equity: 124,000; 225,000
D)Assets: 9,000; 17,000; 42,000; 133,000; 65,000; 92,000; 225,000
Liabilities: 27,000; 18,000; 45,000; 36,000; 20,000; 56,000; 101,000
Owner's Equity: 124,000; 225,000

Question 22

Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
Owner's equity at beginning of year: $614,000. Owner's equity at end of year: $2,058,000. Net income after taxes: $316,500.

A)51.6%
B)51.5%
C)23.7%
D)15.4%

Question 23

Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent.

A)13.9%, -140.0%, 14.2%, -7.8%, 47.8%, -118.7%, 48.7%
B)17.9%, -40.0%, 18.1%, -1.9%, 60.1%, 37.5%, 62.0%
C)-17.9%, 40.0%, -18.1%, 1.9%, -60.1%, -37.5%, -62.0%
D)15.2%, -66.7%, 15.4%, -2.0%, 37.5%, 27.3%, 38.3%

Question 24

Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
Owner's equity at beginning of year: $531,000. Owner's equity at end of year: $852,000. Net income after taxes: $10,500

A)2.1%
B)1.5%
C)2.0%
D)1.2%

Question 25

Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent.

A)11.9%, 75.0%, 11.6%, 9.1%, 16.2%, -36.2%, 25.0%
B)5.6%, -50.0%, 5.2%, -0.8%, -1.8%, -161.2%, 4.0%
C)10.7%, 42.9%, 10.4%, 8.3%, 13.9%, -56.9%, 20.0%
D)-11.9%, -75.0%, -11.6%, -9.1%, -16.2%, 36.2%, -25.0%

Question 26

Find (a) the gross profit, (b) the net income before taxes, and (c) the net income after taxes.
Eddie's TV and Appliance had gross sales of $619,000, returns of $27,000, operating expenses of $153,000, taxes of $30,950, and a cost of goods sold of $241,000.

A)(a)$351,000 (b)$198,000 (c)$167,050
B)(a)$466,000 (b)$198,000 (c)$167,050
C)(a)$378,000 (b)$198,000 (c)$167,050
D)(a)$439,000 (b)$198,000 (c)$167,050

Question 27

Complete the income statement.
Frank's Nursery had gross sales of $2,273,000 with returns of $57,800. The inventory on January 1 was $567,000. During the year $1,130,000 worth of goods was purchased with freight of $5,600. The
Inventory on December 31 was $525,000. Wages and salaries were $81,600, rent was $10,200,
Advertising was $17,700, utilities were $5,200, business taxes totaled $8,500, and miscellaneous
Expenses were $6,100.

A)1)$2,273,000, 2)$57,800, 3)$2,215,200, 4)$1,177,600, 5)$1,037,600, 6)$129,300, 7)$908,300
B)1)$2,273,000, 2)$57,800, 3)$2,215,200, 4)$1,166,400, 5)$1,048,800, 6)$129,300, 7)$908,300
C)1)$2,273,000, 2)$57,800, 3)$2,330,800, 4)$1,177,600, 5)$1,153,200, 6)$129,300, 7)$1,023,900
D)1)$2,273,000, 2)$57,800, 3)$2,215,200, 4)$1,177,600, 5)$1,037,600, 6)$129,300, 7)$1,023,900

Question 28

Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
This year current liabilities are $234,000.

A)1.24; 0.60
B)1.48; 0.88
C)1.48; 0.56
D)1.24; 0.88

Question 29

Complete the income statement.
Bay Side Videos had gross sales of $530,000 with returns of $6,300. The inventory on January 1 was $56,000. During the year $237,000 worth of goods was purchased with freight of $1,900. The
Inventory on December 31 was $56,000. Wages and salaries were $57,500, rent was $11,100,
Advertising was $4,000, utilities were $2,500, business taxes totaled $5,700, and miscellaneous
Expenses were $3,200.

A)1)$530,000, 2)$6,300, 3)$523,700, 4)$235,100, 5)$288,600, 6)$84,000, 7)$200,800
B)1)$530,000, 2)$6,300, 3)$523,700, 4)$238,900, 5)$284,800, 6)$84,000, 7)$213,400
C)1)$530,000, 2)$6,300, 3)$523,700, 4)$238,900, 5)$284,800, 6)$84,000, 7)$200,800
D)1)$530,000, 2)$6,300, 3)$536,300, 4)$238,900, 5)$297,400, 6)$84,000, 7)$213,400

Question 30

The following chart shows some figures from an income statement. Prepare a vertical analysis by expressing each item as a percent of net sales. Round percents to the nearest tenth of a percent.

A)40.7%, 8.2%, 5.0%, 4.7%
B)40.7%, 8.3%, 12.2%, 11.6%
C)40.7%, 8.2%, 60.6%, 4.7%
D)40.7%, 20.2%, 12.2%, 11.6%

Question 31

Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent.

A)0.2%, -140.0%, 0.5%, -1.6%, -12.3%, -141.4%, -16.8%
B)5.8%, -66.7%, 6.1%, 7.3%, 3.9%, 23.7%, 1.2%
C)-6.2%, 40.0%, -6.5%, -7.9%, -4.1%, -31.0%, -1.3%
D)6.2%, -40.0%, 6.5%, 7.9%, 4.1%, 31.0%, 1.3%

Question 32

Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
This year current liabilities are $227,000.

A)1.27; 0.95
B)1.57; 0.67
C)1.57; 0.95
D)1.27; 0.70

Question 33

Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
Last year current liabilities were $197,000.

A)1.46; 0.85
B)1.46; 0.66
C)1.25; 0.71
D)1.25; 0.85

Question 34

Calculate the current ratio and the acid-test ratio. Is the company healthy based on the guidelines given in the text?

A)Current ratio = 1.37 which is too low
Acid-test ratio = 2.88 which is fine
B)Current ratio = 2.11 which is fine
Acid-test ratio = 1.37 which is too low
C)Current ratio = 2.88 which is fine
Acid-test ratio = 2.11 which is fine
D)Current ratio = 2.88 which is fine
Acid-test ratio = 1.37 which is fine

Question 35

Find the current ratio and the acid-test ratio for the indicated year. Round each ratio to the nearest hundredth of a percent.
Last year current liabilities were $234,000.

A)1.19; 0.74
B)1.36; 0.70
C)1.36; 0.83
D)1.19; 0.83

Question 36

Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.

A)-55.8%, 99.8%, 4.0%, 64.1%, 19.8%, -32.4%, 13.2%
B)-126.7%, 50.0%, 3.8%, 39.1%, 16.6%, -48.0%, 11.7%
C)226.7%, 50.0%, 96.2%, 60.9%, 83.4%, 148.0%, 88.3%
D)-55.9%, 100.0%, 4.0%, 64.1%, 19.8%, -32.4%, 13.3%

Question 37

Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent.

A)-27.6%, 35.7%, -28.9%, -7.6%, -40.6%, -34.4%, -41.0%
B)27.6%, -35.7%, 28.9%, 7.6%, 40.6%, 34.4%, 41.0%
C)21.6%, -55.6%, 22.4%, 7.0%, 28.9%, 25.6%, 29.1%
D)13.7%, -107.1%, 14.7%, -32.3%, 18.6%, -278.1%, 17.5%

Question 38

Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.

A)71.9%, 77.8%, 92.2%, 80.0%, 82.9%, 75.5%, 81.9%
B)39.1%, 28.4%, 8.4%, 25.0%, 20.7%, 32.4%, 22.0%
C)28.1%, 22.2%, 7.8%, 20.0%, 17.1%, 24.5%, 18.1%
D)39.0%, 28.6%, 8.4%, 25.0%, 20.7%, 32.4%, 22.1%

Question 39

Calculate the current ratio and the acid-test ratio. Is the company healthy based on the guidelines given in the text?

A)Current ratio = 1.31 which is too low
Acid-test ratio = 2.09 which is fine
B)Current ratio = 2.09 which is fine
Acid-test ratio = 1.60 which is fine
C)Current ratio = 2.09 which is fine
Acid-test ratio = 1.31 which is fine
D)Current ratio = 1.60 which is low
Acid-test ratio = 1.31 which is fine

Question 40

The following chart shows some figures from an income statement. Prepare a vertical analysis by expressing each item as a percent of net sales. Round percents to the nearest tenth of a percent.

A)65.5%, 11.3%, 5.6%, 15.5%
B)65.5%, 17.2%, 8.5%, 23.6%
C)65.5%, 11.5%, 8.5%, 23.6%
D)65.5%, 11.3%, 49.2%, 15.5%

Question 41

Calculate the current ratio and the acid-test ratio. Is the company healthy based on the guidelines given in the text?

A)Current ratio = 1.31 which is too low
Acid-test ratio = 1.67 which is fine
B)Current ratio = 0.78 which is too low
Acid-test ratio = 1.31 which is too low
C)Current ratio = 1.67 which is too low
Acid-test ratio = 0.78 which is too low
D)Current ratio = 1.31 which is too low
Acid-test ratio = 0.78 which is too low

Question 42

The following chart shows some figures from an income statement. Prepare a vertical analysis by expressing each item as a percent of net sales. Round percents to the nearest tenth of a percent.

A)34.3%, 6.1%, 4.7%, 11.2%
B)34.3%, 6.1%, 76.5%, 11.2%
C)34.3%, 6.2%, 13.6%, 32.5%
D)34.3%, 17.8%, 13.6%, 32.5%

Question 43

Prepare a vertical analysis. Round percents to the nearest tenth of a percent.
Current assets: $407,000 Current liabilities: $189,000
Liquid assets: $149,000

A)Current ratio = 2.15 which is fine
Acid-test ratio = 0.79 which is too low
B)Current ratio = 2.73 which is fine
Acid-test ratio = 0.79 which is too low
C)Current ratio = 2.15 which is fine
Acid-test ratio = 2.73 which is fine
D)Current ratio = 0.79 which is too low
Acid-test ratio = 2.15 which is fine

Question 44

Complete the balance sheet.
Data-Serve Computer Services: fixed assets $59,000; mortgages $36,000; accounts payable $19,000; notes payable $15,000; long-term notes $26,000; equity $60,000; cash $17,000; inventory $18,000;
Notes receivable $9,000; accounts receivable $53,000

A)Assets: 17,000; 9,000; 53,000; 18,000; 97,000; 59,000; 156,000
Liabilities: 26,000; 19,000; 45,000; 36,000; 15,000; 51,000; 96,000
Owner's Equity: 60,000; 156,000
B)Assets: 17,000; 9,000; 53,000; 18,000; 97,000; 59,000; 156,000
Liabilities: 15,000; 19,000; 34,000; 36,000; 26,000; 62,000; 96,000
Owner's Equity: 60,000; 156,000
C)Assets: 17,000; 9,000; 53,000; 97,000; 18,000; 59,000; 156,000
Liabilities: 26,000; 19,000; 45,000; 36,000; 15,000; 51,000; 96,000
Owner's Equity: 60,000; 156,000
D)Assets: 17,000; 9,000; 53,000; 18,000; 97,000; 59,000; 156,000
Liabilities: 26,000; 19,000; 45,000; 36,000; 15,000; 51,000; 60,000
Owner's Equity: 96,000; 156,000

Question 45

Prepare a vertical analysis. Round percents to the nearest tenth of a percent.
Wandell's Garden Shop had a cost of goods sold of $111,000, operating expenses of $43,000, and net sales of $203,000.

A)Percent cost of goods sold = 21.2%
Percent operating expenses = 54.7%
B)Percent cost of goods sold = 33.5%
Percent operating expenses = 54.7%
C)Percent cost of goods sold = 54.7%
Percent operating expenses = 21.2%
D)Percent cost of goods sold = 54.7%
Percent operating expenses = 33.5%

Question 46

Complete the horizontal analysis for the comparative income statement. Round to the nearest tenth of a percent.

A)12.1%, 37.5%, 12.0%, 10.1%, 15.8%, 14.1%, 16.1%
B)-13.8%, -60.0%, -13.7%, -11.3%, -18.8%, -16.4%, -19.1%
C)7.2%, -140.0%, 7.0%, 1.5%, -2.1%, -132.8%, -5.1%
D)13.8%, 60.0%, 13.7%, 11.3%, 18.8%, 16.4%, 19.1%

Question 47

Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.

A)-121.4%, -14.3%, 12.7%, 25.0%, 11.6%, 14.3%, 12.0%
B)221.4%, 114.3%, 87.3%, 75.0%, 88.4%, 85.7%, 88.0%
C)-54.9%, -12.7%, 14.6%, 33.3%, 13.2%, 16.7%, 13.5%
D)-54.8%, -12.5%, 14.6%, 33.3%, 13.2%, 16.7%, 13.6%

Question 48

Find (a) the gross profit, (b) the net income before taxes, and (c) the net income after taxes.
Steel Master Sales had a cost of goods sold of $244,000, operating expenses of $157,000, returns of $16,000, taxes of $26,900, and gross sales of $538,000.

A)(a)$381,000 (b)$121,000 (c)$94,100
B)(a)$294,000 (b)$121,000 (c)$94,100
C)(a)$278,000 (b)$121,000 (c)$94,100
D)(a)$365,000 (b)$121,000 (c)$94,100

Question 49

Prepare a vertical analysis. Round percents to the nearest tenth of a percent.
Rosie's Cleaning Service had a cost of goods sold of $48,000, operating expenses of $218,000, and net sales of $365,000.

A)Percent cost of goods sold = 59.7%
Percent operating expenses = 13.2%
B)Percent cost of goods sold = 13.2%
Percent operating expenses = 72.9%
C)Percent cost of goods sold = 72.9%
Percent operating expenses = 13.2%
D)Percent cost of goods sold = 13.2%
Percent operating expenses = 59.7%

Question 50

Find (a) the gross profit, (b) the net income before taxes, and (c) the net income after taxes.
Jill's Cleaning Service had net sales of $415,000, operating expenses of $96,000, taxes of $20,750,and a cost of goods sold of $51,000.

A)(a)$45,000 (b)$268,000 (c)$247,250
B)(a)$364,000 (b)$268,000 (c)$247,250
C)(a)$45,000 (b)$364,000 (c)$343,250
D)(a)$319,000 (b)$268,000 (c)$247,250

Question 51

Complete the horizontal analysis for the balance sheet. Round to the nearest tenth of a percent.

A)61.8%, 20.0%, 20.5%, 28.2%, 28.5%, 70.0%, 32.3%
B)61.8%, 83.3%, 83.0%, 78.0%, 77.8%, 58.8%, 75.6%
C)61.9%, 19.8%, 20.5%, 28.2%, 28.5%, 70.0%, 32.2%
D)38.2%, 16.7%, 17.0%, 22.0%, 22.2%, 41.2%, 24.4%

Question 52

Complete the balance sheet.
Jake's Janitorial Service: fixed assets $80,000; long-term notes $58,000; equity $110,000; accounts payable $25,000; notes payable $10,000; inventory $55,000; accounts receivable $49,000; cash
$19,000

A)Assets: 19,000; 0; 49,000; 55,000; 123,000; 80,000; 203,000
Liabilities: 58,000; 25,000; 83,000; 0; 10,000; 10,000; 93,000
Owner's Equity: 110,000; 203,000
B)Assets: 19,000; 0; 49,000; 123,000; 55,000; 80,000; 203,000
Liabilities: 58,000; 25,000; 83,000; 0; 10,000; 10,000; 93,000
Owner's Equity: 110,000; 203,000
C)Assets: 19,000; 0; 49,000; 55,000; 123,000; 80,000; 203,000
Liabilities: 58,000; 25,000; 83,000; 0; 10,000; 10,000; 110,000
Owner's Equity: 93,000; 203,000
D)Assets: 19,000; 0; 49,000; 55,000; 123,000; 80,000; 203,000
Liabilities: 10,000; 25,000; 35,000; 0; 58,000; 58,000; 93,000
Owner's Equity: 110,000; 203,000

Question 53

Find the ratio of net income after taxes to average owner's equity. Round to the nearest tenth of a percent.
Owner's equity at beginning of year: $602,000. Owner's equity at end of year: $806,000. Net income after taxes: $93,500.

A)15.5%
B)11.6%
C)15.6%
D)13.3%

Question 54

Complete the income statement.
Camelot Sales Inc. had gross sales of $2,659,000 with returns of $59,700. The inventory on January 1 was $570,000. During the year $1,062,000 worth of goods was purchased with freight of $5,600. The
Inventory on December 31 was $519,000. Wages and salaries were $82,600, rent was $14,500,
Advertising was $17,400, utilities were $5,200, business taxes totaled $9,000, and miscellaneous
Expenses were $6,200.

A)1)$2,659,000, 2)$59,700, 3)$2,599,300, 4)$1,118,600, 5)$1,480,700, 6)$134,900, 7)$1,465,200
B)1)$2,659,000, 2)$59,700, 3)$2,718,700, 4)$1,118,600, 5)$1,600,100, 6)$134,900, 7)$1,465,200
C)1)$2,659,000, 2)$59,700, 3)$2,599,300, 4)$1,118,600, 5)$1,480,700, 6)$134,900, 7)$1,345,800
D)1)$2,659,000, 2)$59,700, 3)$2,599,300, 4)$1,107,400, 5)$1,491,900, 6)$134,900, 7)$1,345,800