WATERWAY COMPANYMultiple - step Income StatementFor the Year Ended December, 31, 2020$ ( In 000's)$ ( In 000's)$ ( In 000's)Sales RevenuesSales 96,572.00Cost of goods sold 60,642.00Gross Profit 35,930.00Operating ExpensesSelling ExpenseDelivery Expense 2,762.00Sales Commissions 8,052.00Depreciation of sales equipment 6,552.00 17,366.00Administrative/General ExpensesOfficers' Salaries 4,972.00Depreciation of office furniture and equipment 4,032.00 9,004.00Total Operating Expenses 26,370.00Income from Operations 9,560.00Other Income or ExpenseRent Revenue 17,302.00Other expenses and lossesInterest expense 1,932.00Income before taxes 24,930.00Income tax 9,142.00Net Income 15,788.00Earnings Per Share ($15,788 / 31,576 shares) $ 0.50WATERWAY COMPANYSingle Step Income StatementFor the year ended December 31, 2020$$Revenue:Net Sales 96,572.00Rent Revenue 17,302.00Total Revenue 113,874.00Less Expenses:Officers' Salaries 4,972.00Depreciation 10,584.00Delivery/Interest Expense 4,694.00Sales Commissions 8,052.00Total expenses 28,302.00Income before taxes 85,572.00Income Tax 9,142.00Net Income $ 76,430.00Earnings per Common Share $ 2.42($76,430 / 31,576 shares)

The state in which the manufacturing company you work for is located regulates the presence of a particular substance in the environment to concentrations ≤ x. recently-released, reliable research endorsed by the responsible federal agency conclusively demonstrates that the substance poses no risks at concentrations up to 5x. your company has asked you to consider designing a new process with a waste discharge stream containing up to 2x of the substance. based on the stated conditions, describe this possible.

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

During the year, the delph company had no beginning or ending inventories and it started, completed, and sold only two jobs—job d-75 and job c-100. it provided the following information related to those two jobs: job d-75: molding fabrication total direct materials cost $ 375,000 $ 325,000 $ 700,000 direct labor cost $ 200,000 $ 160,000 $ 360,000 machine-hours 15,000 5,000 20,000 job c-100: molding fabrication total direct materials cost $ 300,000 $ 250,000 $ 550,000 direct labor cost $ 175,000 $ 225,000 $ 400,000 machine-hours 5,000 25,000 30,000delph had no overapplied or underapplied manufacturing overhead during the year. assume delph uses a plantwide overhead rate based on machine-hours.1-a. compute the predetermined plantwide overhead rate.1-b. compute the total manufacturing costs assigned to job d-70 and job c-200.1-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 1-d. what is delph's cost of goods sold for the year? assume delph uses departmental overhead rates based on machine-hours.2-a. compute the predetermined departmental overhead rates.2-b. compute the total manufacturing costs assigned to job d-70 and job c-200.2-c. if delph establishes bid prices that are 150% of total manufacturing costs, what bid price would it have established for job d-70 and job c-200? 2-d. what is delph's cost of goods sold for the year?