Accounting problems

Complete problems EX 14-12 on page 707 and PR- 14-1A on page 712 using the attached templates.

Exercise 14-12
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Section:
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Instructions
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a.
Amortization of Installment Notes
For the Year
Ending
Year 1
Year 2
Year 3
Year 4
b.
Year 1
Jan. 1
Dec. 31
Year 2
Dec. 31
Year 3
Dec. 31
Year 4
January 1
Carrying
Amount
Note
Payment
(Cash Paid)
Interest
Expense
Decrease in
Notes Payable
Dec. 31
c.
Interest expense to be reported on the income statement:
Dec. 31
Carrying
Amount
Problem 14-1A
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Section:
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Instructions
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1.
Earnings per Share of Common Stock
Plan 1
Plan 2
Plan 3
Earnings before bond interest and income tax
Bond interest
Income before income tax
Income tax
Net income
Dividends on preferred stock
Earnings available for common stock
 Shares of common stock outstanding
Earnings per share on common stock
2.
Earnings per Share of Common Stock
Plan 1
Earnings before bond interest and income tax
Bond interest
Income before income tax
Income tax
Net income
Dividends on preferred stock
Earnings available for common stock
 Shares of common stock outstanding
Earnings per share on common stock
Plan 2
Plan 3
3.
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