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2-36A (Algo) Identifying and arranging elements on financial statements LO 2-8 The following accounts and balances were drawn from the records of Barker Company at
2-36A (Algo) Identifying and arranging elements on financial statements LO 2-8 The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: Supplies Cash flow from investing act. 830 Beginning retained earnings. Prepaid insurance (6,400) Cash flow from financing act. 2,300 Rent expense Service revenue 79,000 Dividends Other operating expenses 42,000 Cash Supplies expense 300 Accounts receivable Insurance expense 1,100 Prepaid rent Beginning common stock 900 Unearned revenue Cash flow from operating act. Common stock issued 7,500 Land 5,400 Accounts payable Required $ 18,000 (5,700) 2,500 5,100 10,500 18,000 5,100 6,400 36,000 14,030 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 Income Statement Stmt of Changes Balance Sheet Statement of Cash flows Use the accounts and balances from Barker Company to construct a BARKER COMPANY Income Statement For the Year Ended December 31, Year 2 Revenue Total revenue Expenses Total expenses S $ 0 0 0 Income Statement Stmt of Changes Balance Sheet Statement of Cash flows Use the accounts and balances from Barker Company to construc BARKER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings $ 0 Ending retained earnings 0 Total stockholders' equity $ 0 Assets Total assets Liabilities Total liabilities Stockholders' Equity BARKER COMPANY Balance Sheet As of December 31, Year 2 $ 0 $ 0 Total stockholders' equity 0 Total liabilities and stockholders' equity $ 0 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 Ending cash balance 0 $ 0
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