Presented Below Is Selected Financial Information for Stanley's Bike Shop

question 56

Essay

Presented below is selected financial information for Stanley's Bike Shop.Using the appropriate information,prepare the income statement for 2014.
$$\begin{array} { | l | r | } \hline \text { Total assets at December } 31,2014 & \$ 91,000 \\\hline 2014 \text { expenses } & 38,000 \\\hline \text { Total equity at December } 31,2013 & 48,000 \\\hline \text { Total liabilities at December } 31,2013 & 35,000 \\\hline \text { 2014 Revenues } & 46,000 \\\hline\end{array}$$

---

Definitions:

Freud

Sigmund Freud, a neurologist and the founder of psychoanalysis, a method for treating psychopathology.

Internal Danger

Perceived threats or stresses that originate from within oneself, such as fears, anxieties, and negative self-beliefs.

Oral Fixation

A concept in psychoanalytic theory referring to an excessive focus on oral activities, believed to stem from issues during the oral stage of psychosexual development.

Overindulgence

Excessive indulgence in activities or consumption, often to the detriment of one's health or well-being.