Please see attachment.
Problem Homework Week 1 and 2 Financial Statements 20132014 Cost of goods sold$ 169,969$ 214,607 Cash24,52426,056 Depreciation expense47,98054,230 Interest expense10,44211,954 Selling & Administrative expenses33,42543,626 Accounts payable43,34448,090 Net fixed assets211,680264,021 Sales333,426406,427 Accounts receivable17,37822,542 Notes payable19,75721,571 Long-term debt106,848119,976 Inventory36,57050,185 Common Stock91,559111,719 Tax rate20% Dividend payout %50% The information presented below are the 2013 and 2014 adjusted trial balances for HCJ corporation. Prepare an income statement, balance sheet, and statement of retained earnings for each year in good form. Assume a beginning Retained Earnings balance of $0 for 2013. Problem Homework Week 1 and 2 Financial Statements 20132014 Cost of goods sold$ 169,969$ 214,607 Cash24,52426,056 Depreciation expense47,98054,230 Interest expense10,44211,954 Selling & Administrative expenses33,42543,626 Accounts payable43,34448,090 Net fixed assets211,680264,021 Sales333,426406,427 Accounts receivable17,37822,542 Notes payable19,75721,571 Long-term debt106,848119,976 Inventory36,57050,185 Common Stock91,559111,719 Tax rate20% Dividend payout %50% The information presented below are the 2013 and 2014 adjusted trial balances for HCJ corporation. Prepare an income statement, balance sheet, and statement of retained earnings for each year in good form. Assume a beginning Retained Earnings balance of $0 for 2013.