1. EDEN CAR WASH HAD THE FOLLOWING END-OF-YEAR FINANCIAL DATA ITEMS. PREPARE A BALANCE SHEET AND INCOME STATEMENT (including EPS) IN GOOD ACCOUNTING ORDER (MAKE SURE TO LABEL EVERY ITEM)

Operating Expenses $4,000 # Shares of common stock 850

Taxes paid $900 Common stock $11,900

Bonds $32,600 Marketable Sec. $8,000

Fixed assets $55,000 Accrued taxes $4,500

Notes payable $6,000 Preferred Stock dividends $1,200

Accts. Receivable $21,000 Inventory $40,000

Retained earnings $6,000 Capital paid-in excess of par $15,000

Preferred Stock $50,000 Accts. Payable $13,000

Interest paid $3,000 Cost of Goods Sold $32,000

Sales $45,000 Cash $15,000