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i Data Table Total revenue. . .. S Common stock... Interest expense. . . . Salary and other employee expenses .. Long-term liabilities. . . 37.9 Investment assets (long-term). . S 135.2 1.8 5.5 16.3 15.4 1.7 10.1 0.6 Property and equipment, net 2.6 Other expenses... 29.3 Retained earnings, beginning.. 0.7 Retained earnings, ending. 13.6 Cash . . . 102.1 Other assets (long-term) PrintDone
Data Table Jill Carlson Realty Company Balance Sheet August 31, 2016 (Millions) Assets Liabilities S 1.7 Current liabilities S 2.6 102.1 Cash Receivables Investment assets Property and equipment, net Other assets 0.6 Long-term liabilities 135.2 Total liabilities 104.7 1.8 10.1 Stockholders Equity Common stock Retained earnings Total stockholders equity 29.3 15.4 44.7 S 149.4 S 149.4 Total assets Total liabilities and stockholders equity199
Requirements 1. Prepare the income statement of Jill Carlson Realty Company for the year ended August 31, 2016. What amount of dividends did Jill Carlson declare during the year ended August 31, 2016? (Hint: Prepare a statement of retained 2. Requirement 1. Prepare the income statement of Jill Carlson Realty Company for the year ended August 31, 2016. (Enter all amounts in rm zero.) Jill Carlson Realty Company Income Statement Year Ended August 31, 2016 (millions) Revenue: 37.9 Total revenue Expenses: Interest expense Salary and other employee expenses 13.6 Other expenses 5.5 Total expenses 19.8 181
Requirement 2. What amount of dividends did Jill Cartson deciare during the year ended August 31. 2016? (Hint: Prepare a statement of retained earnings.) (En millions. Use a minus sign or parentheses when entering net losses or numbers to be subtracted. Include a subtotal after the Add line of the statement.) Jill Carlson Realty Company Statement of Retained Earnings Month Ended August 31, 2016 (millions) 15.4 Retained Earnings, August 31, 2015 Add: Net income for the period Subtotal Less: Jill Carlson declared$ milion in dividends during the year ended August 31, 2016 Choose from any list or enter any number in the input fields and then continue to the next question.
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