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Requirements 1. Open T-accounts for the following accounts and their balances as of Dec 2013. (Note that amounts from the Columbia Sportswear financial statements. in thousands.) Accumulated Depreciatin Accrued Salaries, Bonus, Vacation, and Other Benefits. Accrued Import Duties. Accrued Product Warranties Other Accrued Liabilities. .$326,380 $ 68,04 $ 10,594 10,768 30,989 2. Using the following information for Columbia Sportswear's 2014 operations, make the appropriate journal entries. a. Full payment of the December 31, 2013, balances in the accrued liability accounts b. Depreciation expense, $19,232 c. Accrued salaries and benefits expense, $74,068 d. Accrued import duty expense, $10,318 e. Accrued product warranty expense, $11,148 f. Accrued other (miscellaneous) expenses, $48,754 3. Post the journal entries to the T-accounts you set up. Check the updated ending balances in each account against the balances reported by Columbia Sportswear as of December 31, 2014 Industry Analysis Purpose: To help you understand and compare the perfor industry e of two companies in the sam Go to the Columbia Sportswear Company Annual Report located in Appendix A. Now a repor for Under Armour, Inc. For instructions on how to access the cess the 2014 Annual Report online, see the Industry Analysis in Chapter 1 Requirement 1. ial statements of both companies, can you detes used which method of accounting, cash or accrual basis, each of this? tf one of the companies used the cash basis the other used the accrual basis, would itaompanies used the cash basis and companies? Explain your answer it affect your ability to compare t

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