15 points or Incorrect for the work you have completed so far. A does not indicate completion 1 Tableau DA 1-3: Mini-Case, Preparing an income statement LO A1, P2 The owner of Neros company has hired you to analyze her company's performance and financial position, as well as the positions of its competitors, Centar and Xenmix. However, the data Neros obtained is incomplete and is shown in the following Tableau Dashboard. Accounting Equation Data $100,- $80,000 $60,000 Neros Centar Xenmix $40,000 $20,000 $0 Assets Liabilities + Equity Assets Liabilities + Equity Assets Liabilities + Equity 15 1 Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate compon Neros Income Statement Data Neros Revenue Accounts Neros Expense Accounts points $50,000 $40,000 $30,000 Utilities Expense Rent Expense Insurance Expensu $20,000 Advertising Expense $10,000 50 Consulting Revenue Rental Revenue +ableau Salaries Expense TH 1. Using income statement data for Neros, prepare a December income statement dated December 31. 2. If Neros pays a cash dividend to its sole stockholder to pay for a family vacation, how is this reported on the financial statements? 3. If the sole stockholder of Neros invests cash into the business, how is this reported on the financial statements? Prey 1 of 1 Next > 15 1 NOWS WHSE It correct or incorrect for the work you have completed so far. It does not indicate Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. points Req 1 Req 2 and 3 Using income statement data for Neros, prepare a December income statement dated December 31. NEROS Income Statement For Month Ended December 31 00 Equity Advertising expenses $ 50,000 Advertising expenses 10,000 Total revenues $ 60,000 Expenses Advertising expenses. S 6,500 Advertising expenses 3,000 Advertising expenses 2,500 Advertising expenses 4,000 Advertising expenses 3,000 Total expenses 19,000 $ 41,000 Net income Reg 2 and 3> Prev 1 of 1 Next >