2 3 4 5 6 789 Stark Company has the following adjusted accounts and normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash 10 Wages expense 11 Insurance expense 12 Common stock 13 Services revenue 14 15 17 $31,000 Accumulated depreciation-Buildings 4,500 Accounts receivable 900 Utilities expense 11,500 Interest payable 2,400 Unearned revenue 50,000 Supplies expense 9,500 Buildings 3,800 Dividends 30,000 Depreciation expense-Buildings 120,000 Supplies Retained earnings $35,000 8,000 3,300 900 1,800 600 240,000 13,000 12,000 1,800 114,800 16 1. Use the adjusted accounts and balances from the Question Data tab for Stark Company to prepare the income statement for the year ended December 31. 2. Prepare the statement of retained earnings for the year ended December 31. The Retained earnings account balance was $114,800 on December 31 of the prior year. 18 3. Prepare the balance sheet at December 31. 19

2. Prepare the statement of retained earnings for the year ended December 31 . The Retained earnings account balance was $114,800 on December 31 of the prior year. 1. Use the adjusted accounts and balances from the Question Data tab for Stark Company to prepare the income statement for the year ended December 31. 2. Prepare the statement of retained earnings for the year ended December 31 . The Retained earnings account balance was $114,800 on December 31 of the prior year. 3. Prepare the balance sheet at December 31 . 3. Prepare the balance sheet at December 31 . 1. Use the adjusted accounts and balances from the Question Data tab for Stark Company to prepare the income statement for the year ended December 31