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$ 18,000 (5,600) 2,500 5,400 Supplies Cash flow from investing act. Prepaid insurance Service revenue Other expenses Supplies expense Insurance expense Beginning common stock Cash
$ 18,000 (5,600) 2,500 5,400 Supplies Cash flow from investing act. Prepaid insurance Service revenue Other expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued operating $ 810 Beginning retained earnings (7,900) Cash flow from financing act. 2,600 Rent expense 76,000 Dividends 43,000 Cash 210 Accounts receivable 1,000 Prepaid rent 900 Unearned revenue 7,500 Land 5,500 Accounts payable 12,200 18,000 4,900 7,900 38,000 20,320 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Balance Sheet Statement of Cash flows Use the accounts and balances from Barker Company to construct an income statement. BARKER COMPANY Income Statement For the Year Ended December 31, Year 2 Revenue Total revenue Expenses Total expenses The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: $ 18,000 (5,600) 2,500 5,400 Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued $ 810 Beginning retained earnings (7,900) Cash flow from financing act. 2,600 Rent expense 76,000 Dividends 43,000 Cash 210 Accounts receivable 1,000 Prepaid rent Unearned revenue 7,500 Land 5,500 Accounts payable 12,200 18,000 900 4,900 7,900 38,000 20,320 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Balance Sheet Statement of Cash flows Use the accounts and balances from Barker Company to construct statement of changes in stockholders' equity. **********...... BARKER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock $ 0 Ending common stock Beginning retained earnings 0 Ending retained earnings Total stockholders' equity $ 0 $ 18,000 (5,600) 2,500 5,400 76,000 Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued 12,200 $ 810 Beginning retained earnings (7,900) Cash flow from financing act. 2,600 Rent expense Dividends 43,000 Cash 210 Accounts receivable 1,000 Prepaid rent 900 Unearned revenue 7,500 Land 5,500 Accounts payable 18,000 4,900 7,900 38,000 20,320 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Balance Sheet Statement of Cash flows Use the accounts and balances from Barker Company to construct balance sheet. .... BARKER COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets $ 0 Liabilities Total liabilities $ 0 The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued $ 810 Beginning retained earnings (7,900) Cash flow from financing act. 2,600 Rent expense 76,000 Dividends 43,000 Cash 210 Accounts receivable 1,000 Prepaid rent 900 Unearned revenue 7,500 Land 5,500 Accounts payable $ 18,000 (5,600) 2,500 5, 400 12,200 18,000 4,900 7,900 38,000 20,320 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Complete this question by entering your answers in the tabs below. Income Statement Stmt of Changes Balance Sheet Statement of Cash flows Use the accounts and balances from Barker Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). (Cash outflows should be indicated with a minus sign.) BARKER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash 0 Ending cash balance $ 0
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