Preparing an Income Statement and Balance Sheet Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31, 2012), the following financial data for the company are available: 11eb7f6e_005f_a3e2_9b93_ad659f59e654_SM1709_00 Required : 1. Prepare an income statement for the year ended December 31, 2012. 2. Prepare a statement of retained earnings for the year ended December 31, 2012. 3. Prepare a balance sheet at December 31, 2012.

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

Fundamentals of Financial Accounting 4th Edition by Fred Phillips,Robert Libby,Patricia Libby

النسخة 4الرقم المعياري الدولي: 978-0078025372

تمرين 26

Preparing an Income Statement and Balance Sheet
Assume that you are the president of APEC Aerospace Corporation. At the end of the first year of operations (December 31, 2012), the following financial data for the company are available:

Required :
1. Prepare an income statement for the year ended December 31, 2012.
2. Prepare a statement of retained earnings for the year ended December 31, 2012.
3. Prepare a balance sheet at December 31, 2012.

التوضيح

موثّق

1.
Income statement:
• A statement tha...