Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2021, the company reports the following amounts:

In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $11,000 during the year. The company also had retained earnings of $30,300 at the beginning of the year and paid dividends of $5,200.

Required:

Prepare the income statement, statement of stockholders’ equity, and balance sheet for Gator Investments.

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Advertising expense $ 33,500 Service revenue $127,600 Buildings 150,000 Interest expense 3,500 Salaries expense 65,100 Utilities expense 15,500 Accounts payable 6,400 Equipment Notes payable 27,000 Cash 5,500 30,000