1.87 points my workCheck My Work button is now enabledItem 6 Below are the account balances for Cowboy Law Firm at the end of December. Accounts Balances Cash $ 5,400 Salaries expense 2,200 Accounts payable 3,400 Retained earnings 3,900 Utilities expense 1,200 Supplies 13,800 Service revenue 9,300 Common stock 6,000 Required: Use only the appropriate accounts to prepare an income statement.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.