The financial statement columns of the worksheet for The Coffee Pot at December 31, 2014, are as follows: 
Instructions
(a) Calculate the retained earnings balance that would appear on a Statement of financial position at December 31, 2014.
(b) Prepare a classified statement of financial position for The Coffee Pot at December 31, 2014 assuming the note payable is a long-term liability.
Definitions:
Sample Size
Refers to the number of observations or participants included in a statistical sample.
Type I Error
The incorrect rejection of a true null hypothesis, or a false positive, in statistical hypothesis testing.
Population Means
The average values of a particular characteristic for all individuals or elements within a defined population.
Confidence Interval
A spectrum of values calculated from sample data, anticipated to surround the value of an unexpressed population parameter.
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