The following is balance sheet information for Tuttle Janitorial Service, Inc., at the end of 2019 and 2018:

Required

a. Prepare a balance sheet as of December 31 of each year.

b. Prepare a statement of stockholders' equity for 2019. The increase in retained earnings is equal to the net income less the dividend.

Transcribed Image Text:

Accounts payable... Cash..... Accounts receivable. Land...... Building, net Equipment, net. Mortgage payable. Supplies.. Common stock. Dividends. Retained earnings December 31, 2019 $ 6,000 December 31, 2018 $ 9,000 22,000 25,000 39,000 31,000 56,000 46,000 250,000 260,000 44,000 46,000 93,000 88,000 18,000 16,000 225,000 225,000 12,000 0 ? ?