Assignemnt
Comparative Balance Sheets for Darby's Doodles. Inc. are listed below:
|
December 31.
|
|
2014
|
2015
|
|
Cash
|
400
|
650
|
|
Accounts Receivable
|
600
|
800
|
|
Inventory
|
1,000
|
1,300
|
|
Plant and Equipment
|
1,000
|
1,050
|
|
Accumulated Depreciation
|
325
|
600
|
|
Accounts Payable
|
600
|
640
|
|
Common Stock
|
1,000
|
1,000
|
|
Retained Earnings
|
900
|
1,560
|
The to/lowing data relate to 2015:
a) collections from credit customers. $30.000. cash sales 56.000
b) payments to suppliers of merchandise 5 40.000
C) purchases of equipment for cash. 550
d) dividends paid to shareholders 5500
e) no plant and equipment was retired or sold during the year
1) For Darby. the Depreciation Expense for 2015 was
2) For Darby. the Sales Revenue for 2015 was
3) For Darby. the Net Income for 2015 was
4) The Cost of Goods Sold for 2015 was