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  1. business
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  3. additional information follows: a. sold plant

Additional information follows: a. Sold plant asset for $4,100. The...

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Accounting

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Additional information follows:

a.

 Sold plant asset for

$4,100.

The original cost of this plant asset was

$10,500

and it had

$8,900

of accumulated depreciation associated with it.

b.

 Paid

$7,500

on the bonds payable; issued

$49,500

of new bonds payable.

c.

 Declared and paid cash dividends of

$3,700.

d.

 Purchased new investment for

$14,000.

e.

 Purchased new equipment for

$65,500.
Data Tabe son Indu Gibson Industries, Inc. Income Statement For the Year Ended December 31, 2014 959,000 383,000 Sales revenues Less: Cost of goods sold Gross profit Less operating expenses: 576,000 Salaries and wages expense Insurance expense Depreciation expense Other operating expenses $ 191,000 14,500 50,900 82,000 338,400 Total operating expenses s 237,600 Operating income Plus other income and less other expenses ut field Print Done F7 FB F1O 4 5

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