(Solved by Humans)-Problem 5-9A Financial Statements Accounts Receivable $56,359 Purchase Discounts $ 1,237...

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Problem 5-9A  Financial Statements Accounts Receivable $56,359 Purchase Discounts $    1,237 Advertising Expense 12,900 Purchases 62,845 Capital Stock 50,000 Retained Earnings, January 1, 2014 28,252 Cash 22,340 Salaries Payable 650 Dividends 6,000 Sales 112,768 Income Tax Expense 1,450 Sales Returns 1,008 Income Tax Payable 1,450 Transportation-In 375 Inventory:   Utilities Expense 1,800 January 1, 2014 6,400 Wages and Salaries Expense 23,000 December 31, 2014 5,900 Wages Payable 120     A list of accounts for Lloyd Inc. at December 31, 2014, follows:                       Required 1.        Determine cost of goods sold for 2014. 2.        Determine net income for 2014. 3.        Prepare a balance sheet dated December 31, 2014.