The following balances were taken from the books of Skysong Corp. on December 31, 2020. Interest revenue $87,250 Accumulated depreciation—equipment $41,250 Cash 52,250 Accumulated depreciation—buildings 29,250 Sales revenue 1,381,250 Notes receivable 156,250 Accounts receivable 151,250 Selling expenses 195,250 Prepaid insurance 21,250 Accounts payable 171,250 Sales returns and allowances 151,250 Bonds payable 101,250 Allowance for doubtful accounts 8,250 Administrative and general expenses 98,250 Sales discounts 46,250 Accrued liabilities 33,250 Land 101,250 Interest expense 61,250 Equipment 201,250 Notes payable 101,250 Buildings 141,250 Loss from earthquake damage 151,250 Cost of goods sold 622,250 Common stock 501,250 Retained earnings 22,250 Assume the total effective tax rate on all items is 20%. Prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (Round earnings per share to 2 decimal places, e. g. 1.48.)

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match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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gather the things you’ll need. it’s best to have a parent or guardian to you open an account. the parent or guardian can co-sign your account, which means that they’ll sponsor you. as co-signers, they’ll need to bring two forms of current photo id. if they only have one piece of photo id, their second id may be a current major credit card or gas card.