This information relates to Molina Co. for the year 2014. Retained earnings, Jan

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This information relates to Molina Co. for the year 2014.

Retained earnings, January 1, 2014 $67,000
Advertising expense 1,800
Dividends 6,000
Rent expense 10,400
Service revenue 58,000
Utilities expense 2,400
Salaries and wages expense 30,000

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After analyzing the data, prepare an income statement for the year ending December 31, 2014.

MOLINA CO.
Income Statement
For the Year Ended December 31, 2014

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
    
Dividends    
Expenses    
Net Income / (Loss)    
Retained Earnings, January 1    
Retained Earnings, December 31    
Revenues    
Total Expenses    
Total Revenues    

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

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After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2014. (List items that increase retained earnings first.)

MOLINA CO.
Retained Earnings Statement
For the Year Ended December 31, 2014

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

Add
Less
:

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues

Add
Less
:

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

This information relates to Molina Co. for the year 2014.

Retained earnings, January 1, 2014 $67,000
Advertising expense 1,800
Dividends 6,000
Rent expense 10,400
Service revenue 58,000
Utilities expense 2,400
Salaries and wages expense 30,000

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After analyzing the data, prepare an income statement for the year ending December 31, 2014.

MOLINA CO.
Income Statement
For the Year Ended December 31, 2014

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$
    
Dividends    
Expenses    
Net Income / (Loss)    
Retained Earnings, January 1    
Retained Earnings, December 31    
Revenues    
Total Expenses    
Total Revenues    

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

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After analyzing the data, prepare a retained earnings statement for the year ending December 31, 2014. (List items that increase retained earnings first.)

MOLINA CO.
Retained Earnings Statement
For the Year Ended December 31, 2014

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

Add
Less
:

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues

Add
Less
:

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues

Dividends
Expenses
Net Income / (Loss)
Retained Earnings, January 1
Retained Earnings, December 31
Revenues
Total Expenses
Total Revenues
$

Explanation / Answer

an income statement for the year ending December 31, 2014:

After analyzing the data, A retained earnings statement for the year ending December 31, 2014. (List items that increase retained earnings first.)

MOLINA CO.
Retained Earnings Statement
For the Year Ended December 31, 2014

Net Income / (Loss) $13400

Less:Dividends Expenses $6000

$7400
Retained Earnings, January 1    $67000
Retained Earnings, December 31 $74400
Total Revenues $58000
Total Expenses $44600
Net Operating Income    $13400

Service Revenue $58000 Less: Expenses: Advertisement expense 1800 Rent Expense 10400 Utilities Expense 2400 Salaries and Wages Expense 30000 Total Expense 44600 Net Operating Income 13400 Add: Retained Earnings as on Jan 1, 2014 67000 80400 Less: Dividends 6000 Retained Earnings as on Dec 31, 2014 74400

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