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. Prepaid insurance Service revenue $ 680 Beginning retained earnings (7,700) Cash flow from financing act. Dividends 2,500 Rent expense 77,000 Other operating expenses 43,000 Cash Supplies expense 200 Accounts receivable Insurance expense 1,000 Beginning common stock 800 Prepaid rent Unearned revenue Cash flow from operating act. Common stock issued 7,000 Land 5,100 Accounts payable $20,000 (5,100) 2,200 4.600 10,700 20,000 5,200 7,700 37,000 16,480 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 $ 0 0 Total expenses $ 0 Check my work 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 Ending common stock Beginning retained earnings $ Ending retained earnings. 0 Total stockholders' equity $ 0 256 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 d Assets ces Total assets Liabilities $ Assets As of December 31, Year 2 Total assets Liabilities 5 Total liabilities Stockholders' Equity Total stockholders' equity + $ 69 SA $ Total liabilities and stockholders' equity $ 69 0 10 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 Ending cash balance $ 0 < Balance Sheet Statement of Cash flows