Cheese Factory Incorporated reported the following information for the fiscal year ended

December 31, 2012.

Other cash flow information:
Additional investments by stockholders..................................... $ 34,000
Cash paid to purchase equipment............................................... 40,000
Cash paid to suppliers and employees...................................... 1,490,000
Repayments of borrowings..................................................... 155,000
Cash received from customers................................................1,661,000
Cash received from borrowings................................................... 5,000
Dividends paid in cash............................................................ 10,000
Required:
Prepare the four basic financial statements for the fiscal year ended December 31, 2012.

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Accounts Payable Accounts Receivable Cash (balance on January 1, 2012) Cash (balance on December 31, 2012) Contributed Capital $ 35,000 15,000 75,000 80,000 100,000 10,000 95,000 30,000 415,000 $ 110,000 755,000 50,000 Retained Earnings (beginning) 410,000 1,660,000 25,000 530,000 540,000 170,000 Other Liabilities Property and Equipment Prepaid Rent Sales Revenue General and Administrative Expenses Notes Payable Utilities Expense Wages Expense Wages Payable