Presented below is information related to Bonita Corp. for the year 2017. Net sales $1,392,100 Write-off of inventory due to obsolescence $81,030
Cost of goods sold 780,300 Depreciation expense omitted by accident in 2016 45,000
Selling expenses 74,600 Casualty loss 51,800
Administrative expenses 52,500 Cash dividends declared 41,740
Dividend revenue 27,800 Retained earnings at December 31, 2016 889,370
Interest revenue 7,120
Effective tax rate of 34% on all items
1- Prepare a multiple-step income statement for 2017. Assume that 55,620 shares of common stock are outstanding. (Round earnings per share to 2 decimal places, e. g. 1.49.)
2- Prepare a separate retained earnings statement for 2017. (List items that increase adjusted retained earnings first.)

Shawshank real estate agency. oct. 1 pete shawshank begins business as a real estate agent with a cash investment of $25,000 in exchange for common stock. 2 hires an administrative assistant. 3 purchases office furniture for $2,900, by paying $700 cash with the balance on account. 6 sells a house and lot for n. kidman, earning a fee of $3,600, with $600 collected in cash and the balance billed to n. kidman. 27 pays $900 on the balance related to the transaction of october 3. 30 pays the administrative assistant $2,300 in salary for october. 31 collects $1,200 of the balance owed by n. kidman. instructions: (a) journalize the transactions. (you may omit explanations.) (b) what balance would shawshank real estate agency report for accounts payable in its october 31 financial statements? in which category of which financial statements would it be found? (c) what balance would shawshank real estate agency report for accounts receivable in its october 31 financial statements? in which category of which financial statements would it be found?