This information relates to Connor Co. for the year 2014. 
Instructions
After analyzing the data, prepare an income statement and a retained earnings statement for the year ending December 31, 2014.
Definitions:
Compound Interest
Accumulated interest on a loan or deposit determined by including both the initial principal amount and the interest accumulated over preceding periods.
Arithmetic Operations
Basic mathematical operations that include addition, subtraction, multiplication, and division.
Arithmetic Operations
Fundamental arithmetic processes comprising of adding, subtracting, multiplying, and dividing.
Arithmetic Operations
Basic mathematical operations such as addition, subtraction, multiplication, and division.
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