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Q10: Use the following financial data regarding Becker Corporation for the year ending Dec.31 2012...

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Q10: Use the following financial data regarding Becker Corporation for the year ending Dec.31 2012 to prepare income statement and balance sheet: Sales revenue 500,000 sales allowances and returns 3,000 cost of goods sold 150,000 selling expenses 8,000 administrative expenses 12,000 other revenues 4,000 other expenses 7,000 tax expense 4,000 Cash 8,000 bonds 60,000 accounts payable 17,000 inventory 20,000 accounts receivable 12,000 machines 70,000 notes payable 22,000 Common stocks 37,000 long-term loan 60,000 short-term loans 10,000 supplies 7,000 equipment 9,000 buildings 50,000 long term investments 30,000

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