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9. The following are the ending balances of accounts at December 31.2018 , for the...

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Accounting

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9. The following are the ending balances of accounts at December 31.2018 , for the Colorado Corp. Addinonal finformarion: The $125,000 balance in the land acesunt consists of $100,000 for the cost of land where the plant and office buildings are located. The remaining $25,000 represents the cost of land being held for speculation. (a) What is total property, plant and equipment for Colorado Corp? (b) What is total stockholders' equity for Colorado Corp? 10. The trial balance of Mississippi Inc. included the following accounts as of December 31, 2018: Income tax expense has not yet been accrued for any of the items listed above. The effective tax rate is 40%. (a) Income from operations for Mississippi is (b) Gross profit for Mississippi is (c) Net income for Mississippi is

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