Prepare a balance sheet in proper format for the company as of December 31st
based on the following accounts. Answer questions 8 through 10 based on this
balance sheet.
Accounts Payable
5,000
Long-term Notes Receivable
10,000
Accounts Receivable
15,000
Accrued Expenses
3,000
Cash
10,000
Short-term Notes Payable
7,000
Retained Earnings
2,000
Accumulated depreciation
2,000
Prepaid Expenses
3,000
Capital Stock
8,000
Supplies
7,000
8. What are the company's total liabilities?
O $10,000
O $25000
O $7000
O $28,000

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?