This week's assignment is to complete financial statements for Blue Bill Corporation. You are given a comparative statement with some additional information to complete.
Required:
Download the
Week 05 Problems Excel spreadsheet
to use in completing your problems.
Complete the yellow highlighted cells on the balance sheet and income statement.
Following is the additional information that you will need to complete the statements:
 
 
2004
2003
Accounts Receivable
$1,200,000
$1,000,000
Allowance for Doubtful Accounts
35,000
50,000
Income Tax Expense
100,000
120,000