the following data pertains to Debra Company on Dec 31,2025 supplies $24.00...

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Accounting

the following data pertains to Debra Company on Dec 31,2025
supplies $24.00
cash 156
accounts receivable 95
allowance for bad debits 5
equipment 1225
land 60
merchandise inventory 226
building 1480
dividends 60
common stock par $2.001600
sales discount 15
interest revenue 8
sales 700
sales return 45
depreciation expense 24
shipping expense 12
supplies expense 18
cost of goods sold 150
Salaries expense 110
interest expense 12
rent expense 42
unrealized holding loss related to long term investment 12
losses due to earthquake pretax and extraordinary item 30
gain on disposition of Mexico branch pretax 40
accumulated other comprehensive income credit balance 20
overstatement of depreciation expense and prior year pretax 20
paid in capital in excess of par com stock 60
accumulated depreciation office equipment 54
accumulated depreciation building 120
income tax payable 30
premium on bonds payable 12
accounts payable 140
bonds payable 5 year bonds 90
treasury stock 50 shares 80
retain earnings January 1st 1091
loss due to write down of inventories 10
the company is subject to 30% income taxes period provide answers to the following questions
1. gross profit for the year
2. total operating expenses for the year
3. income from operations (operating income)
4. income before taxes
5. income from continuing operations
6. net income

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