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Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable. Prepaid insurance Interest expense Accounts payable Wages


Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable. Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 17,000 Accumulated depreciation-Buildings 3,100 Accounts receivable 620 Utilities expense 4,500 Interest payable 1,000 Unearned revenue $ 21,000 5,200 1,900 340 1,100 320 8,100 Buildings 100,000 2,400 Dividends 6,000 16,000 Depreciation expense-Buildings 5,000 50,000 Supplies 1,100 Retained earnings 44,800 22,000 Supplies expense Exercise 3-17 (Algo) Preparing Financial Statements LO P5 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $44,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31.

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