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3 1.66 points eBook Hint Print References Stark company has the following adjusted accounts with normal balances at its December 31 year-end. $ 22,000 Accumulated
3 1.66 points eBook Hint Print References Stark company has the following adjusted accounts with normal balances at its December 31 year-end. $ 22,000 Accumulated depreciation-Buildings Notes payable Prepaid insurance 3,600 Accounts receivable Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue 720 Utilities expense 7,000 Interest payable 1,500 Unearned revenue: Income Statement 32,000 Supplies expense 8,600 Buildings 2,900 Dividends 21,000 Depreciation expense-Buildings 75,000 Supplies Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $69,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Expenses Retained earnings Statement of Retained Balance Sheet Earnings Prepare the income statement for the year ended December 31. $ 26,000 6,200 2,400 540 1,350 420 150,000 8,500 7,500 1,350 69,800 STARK COMPANY Income Statement For Year Ended December 31
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