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Unformatted text preview: $4,723,814 Total Stockholders's Equity $5,800,420 Total Liabilities and Stockholders' Equity $13,240,012 Thurber, Inc. Income Statement For Year Ended 12/31/2004 Service Revenue $19,629,040 Operating Expenses Salaries and Employee Benefits $9,406,154 Rent $1,650,048 Depreciation $2,988,801 Maintenance $2,841,625 Total Operating Expenses $16,886,628 Operating Income $2,742,412 Other Income (Expense) Interest Expense $(979,078) Loss on Disposal of Equipment $(835,761) Total Other Items $(1,814,839) Income Before Taxes $927,573 Income Taxes $343,202 Net Income $584,371 Thurber, Inc. Statement of Retained Earnings For Year Ended 12/31/2004 Beginning Balance $4,339,443 Net Income $584,371 Available for Dividends $4,923,814 (Dividends) $(200,000) Ending Balance $4,723,814...
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This note was uploaded on 09/20/2011 for the course ACCT 301 taught by Professor Staff during the Spring '11 term at S.F. State.
- Spring '11
- Financial Accounting