Parker Department Store is located near the Mark Twain Shopping Mall. At the end of the company's fiscal year on December 31, 2021, the following accounts appeared its adjusted trial 1 balance. PREPARE A MULTIPLE STEP INCOME STATEMENT Accounts Payable 73,300
Land 50,000
Accounts Receivable 43,500
Mortgage Payable 62,500
Accumulated Depreciation - Equipmei 52,500
Prepaid Insurance 2,400
Buildings 52,500 Maintenance and Repairs Expense 6,200
Cash 30,000
Retained Earnings 19,200
Common Stock 140,000
Salaries and Wages Expense 111,000 Cost of Goods Sold 412,000
Sales Revenue 626,000
Depreciation Expense 23,400
Salaries and Wages Payable 3,500 Dividends 15,000
Sales Returns and Allowances 8,000 Equipment 100,000
Utilities Expense 11,000
Gain on Disposal of Plant Assets 4,300 Interest Payable 2,000
Income Tax Expense 15,000
Inventory 43,000
Insurance Expense 8,400
Interest Expense 7,000​

Benton company (bc), a calendar year entity, has one owner, who is in the 37% federal income tax bracket (any net capital gains or dividends would be taxed at a 20% rate). bc's gross income is $395,000, and its ordinary trade or business deductions are $245,000. ignore the standard deduction (or itemized deductions) and the deduction for qualified business income. if required, round computations to the nearest dollar. a. bc is operated as a proprietorship, and the owner withdraws $100,000 for personal use. bc's taxable income for the current year is $ , and the tax liability associated with the income from the sole proprietorship is $ . b. bc is operated as a c corporation, pays out $100,000 as salary, and pays no dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . the shareholder's tax liability is $ . c. bc is operated as a c corporation and pays out no salary or dividends to its shareholder. bc's taxable income for the current year is $ , and bc's tax liability is $ . d. bc is operated as a c corporation, pays out $100,000 as salary, and pays out the remainder of its earnings as dividends. bc's taxable income for the current year is $ , and bc's tax liability is $ .

As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget

Match the items with the actions necessary to reconcile the bank statement.(there's not just one answer)1. interest credited in bank account2. fee charged by bank for returned check3. checks issued but not deposited4. deposits yet to be crediteda. add to bank statementb. deduct from bank statementc. add to personal statementd. deduct from personal statement