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he balances of accounts for Rose Merchandising Company for year ended ecember 31,2022 , in alphabetic order are as follows. Company is subject to 25% icome taxes. SSUME NET INCOME FOR THE YEAR WAS $300. Compute Rose's Total tockholders Equity as of Dec. 31st xample of Answer: 4000 (No comma, space, decimal point, or \$ sign) Net Income = Total Assets = Total Liabilities = Total SE = Net Cash Flows from Operating Activities = Net Cash Flows from Investing Activities = Net Cash Flows Financing Activities = A Question 8 ( 8 points) Retake question Flower Corp.'s trial balance of income statement accounts for the year ended December 31, 2022, included the following: Other information: Flower's income tax rate is 20%. On Flower's multiple-step income statement for 2022, compute income from continuing operations. Example of Answer: 4000 (No comma, space, decimal point, or \$ sign) A The following is the selected balances in the financial statements of Sherry Company. During audit, the auditor detected that the following transaction was not recorded: Sold $35,000 merchandise in cash. Sales taxes was 6% which was not included in the price. Merchandise sold had cost company $20,000 to purchase. What would be the balance for the above items after recording the above transaction? Example of Answer: Revenues =2000 Expenses =1800 Net Income =200 so on (No decimal point, space, comma, or \$ sign) Show negative amount with a minus. Example: Net Income =3000 Revenues = Expenses =

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