1. What amount of cost of goods sold should the company report in its 2021 financial statements? Enter as a positive number.

2. What amount of equipment should the company report in its 2021 financial statements?

3. What amount of beginning retained earnings should the company report in its 2022 financial statements?

4. What amount of notes payable should the company report in its 2022 financial statements?

5. What amount of ending retained earnings should the company report in its 2022 financial statements?

6. What were the company's cash flows for operating activities for January 2023? Use a positive number to indicate an overall (i.e. net) inflow or a negative number to indicate an overall outflow.

7. What were the company's cash flows for investing activities for January 2023? Use a positive number to indicate an overall (i.e. net) inflow or a negative number to indicate an overall outflow.

8. What were the company's cash flows for financing activities for January 2023? Use a positive number to indicate an overall (i.e. net) inflow or a negative number to indicate an overall outflow.

9. What was the company's net income for January 2023?

10. What was the company's ending cash balance for January 2023?

11. What was the company's ending supplies balance for January 2023?

12. What was the company's ending accounts receivable balance for January 2023?

13. What was the company's equipment balance for January 2023?

14. What was the company's ending accounts payable balance for January 2023?

15. What was the company's ending notes payable balance for January 2023?

16. What was the company's ending retained earnings balance for January 2023?

The Duluth Company was founded on January 1, 2019. Since then, the company has been fairly successful; however, in an effort to save some money, the president has been keeping track of the financial records rather than hiring a professional accountant. Although some data is missing, a comparative report of year-end account balances appears below; all numbers are as of December 31st unless noted otherwise. Required: a. Prepare an income statement, statement of retained earnings and a balance sheet for each year and determine the missing values. b. During January of 2023 , the company had the following transactions: Jan. 1 Paid rent of $1,600 for the month Jan. 2 Paid $590 for advertising Jan. 4 Purchased $400 of supplies on account Jan. 6 Made a bank loan payment of $800 Jan. 10 Purchased $3,200 of equipment Jan. 14 Dividend of $1,400 is paid to owners Jan. 19 Paid utility bill of $550 for the month Jan. 25 Sold services to customers for $7,200 on account Jan. 26 Received $6,000 from customers on account Jan. 31 Paid employee payroll of $11,400 Jan. 31 Supplies still on hand were reported at $3,000 Prepare a tabular analysis for January, record the transactions and then prepare a statement of cash flows, income statement, statement of retained earnings and balance for the company