E4-9

Ivan Calderon Corp

Multiple Step Income Statement
For the year ended December 31st, 2014

Title $
Revenue
Sales
Less: COGS
Gross Profit
Operating Expense
Selling Expense
Administrative expense
Income from operations
Other Revenue
Interest revenue
Dividend Revenue
Other losses
Inventory Write off
Depriciation omited
Income from continuing operations before tax
Less: Tax
Income from continuing operations
Extraordinary Items
Casualty Loss
Less: tax
NET INCOME
Earning per share
Less: extraordinary loss
NET EPS

Ivan Calderon Corp

Retained Earnings Statement
For the year ended December 31st, 2014

Title $
Retained earning beginning balance, Jan 1
Net Income
Less: Cash Dividend
Retained earning ending balance
ent
t, 2014

$ $

1300000
-780000
520000

-65000
-48000 -113000
407000

7000
20000 27000

-80000
-55000 -135000
299000
-101660
197340

50000
17000 -33000
164340
3.289
-0.55
2.739

nt
t, 2014

$ $
980000
164340
-45000 119340
1099340
 Spock Corporation
Condensed Income Statement
For the year ended December 31st, 2014

Title $
Net Sales
Less: Cost Of Goods Sold
Gross Profit
Less: Operating Expense
Selling Expense
Administrative Expense
Income from operation
Other revenues and gains
Rent revenue

Other losses
Interest expese
Income from continuing operations before tax
Less: tax
Income from continuing operations
Extraordinary loss
Less: tax
NET INCOME
EPS
Income from continuing operations
Extraordinary loss
NET INCOME
ation
Statement
mber 31st, 2014 Sales
Discounts
$ $ Allowances and returns
4,162,000 Net Sales
-2,665,000
1,497,000 Purchase
Add: Transport In
636,000 Less: Purchase returns
491,000 -1,127,000 Less: purchase discount
370,000 Net Purchase

240,000 Beginning inventory

610,000 Add: Net Purchase
Less: closing inventory
-176,000 COGS
434,000
-147560 Selling expense
286,440 Advertising expense
70,000 Delivery Expense
-23800 -46,200 Depriciation expense
240,240 Sales salaries
Sales comission
0.318266666666667 telephone and internet
-0.051333333333333 Selling expense
0.266933333333333
accounts and legal
Insurance expense
Depriciation expense
Office salaries
Utilities
Misc office expense
Administrative expense
4,275,000
-34,000
-79,000
4,162,000

2,786,000
72,000
-15,000
-27,000
2,816,000

535,000
2816000
-686,000
2,665,000

69,000
54,000
93,000
36,000
284,000
83,000
17,000
636,000

33,000
24,000
48,000
346,000
32,000
8,000
491,000
 Eddie Zambrano Corporation
Retained Earnings Statement
For the year ended December 31st, 2013, 2014

Title $
Retained earning beginning balance, Jan 1 2012
Net Income
Less: Cash Dividend
Retained earning ending balance, Dec 31 2012

Retained earning beginning balance, Jan 1 2013

Net Income
Less: Cash Dividend
Retained earning ending balance, Dec 31 2013

Retained earning beginning balance, Jan 1 2014

Net Income 240,000
Less: tax -96000
Less: Cash Dividend
Understated depreciation expense
Retained earning ending balance, Dec 31 2014
orporation
Statement
er 31st, 2013, 2014

$ $
40,000
125,000
-50,000 75,000
115,000

115,000
160,000
-50,000 110,000
225,000

225,000

144,000
-75000
-25,000 44,000
269,000
 Twain Corporation
Multiple Step Income Statement
For the year ended June 30th, 2014

Title
Sales revenue
Less: Sales discount
Less: sales returns and allowances
Net Sales
Less: Cost of goods sold
Gross Profit
Less: Operating Expense
Selling expense
Salaries and wages expense
Sales commissions
Travel expense
Delivery expense
Entertainment expense
Telephone and Internet expense
Depreciation expense
Maintenance and repairs expense
Miscellaneous selling expenses
Bad debt expense
Administrative expense
Offi ce supplies used
Telephone and Internet expense
Depreciation expense
Property tax expense
Maintenance and repairs
Offi ce expense
Income from operations
Other revenue and gains
Dividend Received
Other expense and losses
Interest expense
Income from continuing operations, before tax
Less: Income tax expense
Net Income
EPS

Twain Corporation
Retained earning Statement
 For the year ended June 30th, 2014

Title
Retained earning beginning balance
Net Income
Less:Dividend Declared
Prefered stock
Common stock
Less: Depriciation overstated, 2011
Retained earning Ending balance
Corporation
ncome Statement
ed June 30th, 2014

$ $ $
1,578,500
-31,150
-62,300 -93,450
1,485,050
-896,770
588,280

56,260
97,600
28,930
21,400
14,820
9,030
4,980
6,200
4,715
4,850 248,785

3,450
2,820
7,250
7,320
9,130
6,000 35,970 -284,755
303,525

38,000

18,000 -18,000
323,525
-102,000
221,525
2.6565625

Corporation
ning Statement
ed June 30th, 2014

$ $ $
337,000
221525

9,000
37,000 -46,000
-17,700
494,825