Using the table below create SinCo's Income Statement for 2013and 2014.(Do not round intermediate...

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Accounting

Using the table below create SinCo's Income Statement for 2013and 2014.(Do not round intermediate calculations. Roundyour answer to 2 decimal places.)
2013 2014
Revenue $4,000 5252
Cost of Good Sold 1,600 2,101
Depreciation 500 524
Inventory 300 335
SG&A 500 534
Interest Expenses 150 175
Common Stock andPaid-in Capital 2,200 2,200
Federal and State Taxes(35% of EBT) 400
Accounts Payable 300 354
AccountsReceivable 400 424
Net Fixed Assets 5,000 4962
Retained Earnings(Balance Sheet) 1,000
Long-Term Debt 2,000 2481
Notes Payable 1,000 1016
Dividends Paid 410 410
Cash 800
What is SinCo's EBITDAfor 2014?
What is SinCo's EBITfor 2014?
What is SinCo's NetIncome for 2014?
Now uses the above table to create an Balance Sheet for 2013 and2014
What is SinCo's 2014 RetainedEarnings
What is Total Liabilities andShareholders Equity
What is SinCo's Total Assets
What is SinCo's 2014 Cash
What is SinCo's 2014 Total CurrentAssets
Use SinCo's Income Statement and Balance Sheet to create aStatement of Cash Flows for 2014.
What is SinCo's CashFlow from Operations
What is SinCo's CashFlow from Investments
What is SinCo's Provideby Financing Actives
What is SinCo's Netchange in cash
What is SinCo's EndingCash Balance
Does the 2014 Cash Balance from the Balance Sheet equal theEnding Cash Balance from the Statement of CashFlows? TrueFalse

	2013	2014
Revenue	$4,000	5252
Cost of Good Sold	1,600	2,101
Depreciation	500	524
Inventory	300	335
SG&A	500	534
Interest Expenses	150	175
Common Stock andPaid-in Capital	2,200	2,200
Federal and State Taxes(35% of EBT)	400
Accounts Payable	300	354
AccountsReceivable	400	424
Net Fixed Assets	5,000	4962
Retained Earnings(Balance Sheet)	1,000
Long-Term Debt	2,000	2481
Notes Payable	1,000	1016
Dividends Paid	410	410
Cash	800

Answer & Explanation Solved by verified expert

4.1 Ratings (876 Votes)

Income statement for the year 2014 Particulars Amount Revenue 5252 Cost Of Goods Sold 2101 SGA 534 EBIDTA 2617 Depreciation 524 EBIT 2093 Interest 175 EBT 1918 Tax 35 6713 Net Income 12467 Dividends Paid 410 Income Available to Shareholders 8367 Retained Earnings EBIDTA 2617 EBIT 2093 Net Income 12467 Balance Sheet 2013 Assets Amount See Answer

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In: AccountingUsing the table below create SinCo's Income Statement for 2013and 2014.(Do not round intermediate calculations....Using the table below create SinCo's Income Statement for 2013and 2014.(Do not round intermediate calculations. Roundyour answer to 2 decimal places.)20132014Revenue$4,0005252Cost of Good Sold1,6002,101Depreciation500524Inventory300335SG&A500534Interest Expenses150175Common Stock andPaid-in Capital2,2002,200Federal and State Taxes(35% of EBT)400Accounts Payable300354AccountsReceivable400424Net Fixed Assets5,0004962Retained Earnings(Balance Sheet)1,000Long-Term Debt2,0002481Notes Payable1,0001016Dividends Paid410410Cash800What is SinCo's EBITDAfor 2014? What is SinCo's EBITfor 2014?What is SinCo's NetIncome for 2014?Now uses the above table to create an Balance Sheet for 2013 and2014What is SinCo's 2014 RetainedEarningsWhat is Total Liabilities andShareholders EquityWhat is SinCo's Total AssetsWhat is SinCo's 2014 CashWhat is SinCo's 2014 Total CurrentAssetsUse SinCo's Income Statement and Balance Sheet to create aStatement of Cash Flows for 2014.What is SinCo's CashFlow from OperationsWhat is SinCo's CashFlow from InvestmentsWhat is SinCo's Provideby Financing ActivesWhat is SinCo's Netchange in cashWhat is SinCo's EndingCash BalanceDoes the 2014 Cash Balance from the Balance Sheet equal theEnding Cash Balance from the Statement of CashFlows? TrueFalse

What is SinCo's EBITDAfor 2014?
What is SinCo's EBITfor 2014?
What is SinCo's NetIncome for 2014?

What is SinCo's 2014 RetainedEarnings
What is Total Liabilities andShareholders Equity
What is SinCo's Total Assets
What is SinCo's 2014 Cash
What is SinCo's 2014 Total CurrentAssets

What is SinCo's CashFlow from Operations
What is SinCo's CashFlow from Investments
What is SinCo's Provideby Financing Actives
What is SinCo's Netchange in cash
What is SinCo's EndingCash Balance