You Are Provide with the Following Information for Trent Company

question 212

Essay

You are provide with the following information for Trent Company, effective as of its April 30, 2014, year-end. $$\begin{array} { l r } \text { Accounts payable } & \$ 834 \\\text { Accounts receivable } & 810 \\\text { Buildings, net of accumulated depreciation } & 3,537 \\\text { Cash } & 770 \\\text { Common stock } & 900 \\\text { Cost of goods sold } & 2,500 \\\text { Current portion of long-term debt } & 450 \\\text { Depreciation expense } & 335 \\\text { Dividends paid during the year } & 475 \\\text { Equipment, net of accumulated depreciation } & 1,220 \\\text { Income tax expense } & 265 \\\text { Income taxes payable } & 265 \\\text { Interest expense } & 400 \\\text { Inventory } & 967 \\\text { Land } & 1,600 \\\text { Long-term debt } & 3,500 \\\text { Prepaid expenses } & 12 \\\text { Retained earnings, beginning } & 1,600 \\\text { Service revenue } & 9,600 \\\text { Selling expenses } & 310 \\\text { Debt investments } & 1,200 \\\text { Salaries and wages expense } & 700 \\\text { Salaries and wages payable } & 222\end{array}$$ Instructions
Prepare an income statement and a retained earnings statement for Trent Company for the year ended April 30, 2014.

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Definitions:

Parenteral Nutrition

Nutritional support given intravenously, bypassing the digestive tract, used for patients who cannot or should not get their nutrition orally.

Parenteral Nutrition

A method of feeding that bypasses the gastrointestinal tract, delivering nutrients directly into the bloodstream through intravenous infusion to meet nutritional needs.

Bloodstream Infection

An infection that occurs when bacteria or viruses enter the blood, leading to potentially serious conditions.

Pneumothorax

The presence of air or gas in the pleural space that causes the lung to collapse, potentially leading to respiratory distress.