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3. (18 Points) Use the blank sheet to complete this problem. At the end of its first year of operations, the records of Roadmaster Auto
3. (18 Points) Use the blank sheet to complete this problem. At the end of its first year of operations, the records of Roadmaster Auto Rentals show the following information. $52,000 of cash dividends were paid during the year. Prepare the December 30 balance sheet in good form $75,000 22,000 11,000 15,000 39,000 217,000 Accountspayable Insurance expense $36,000 Wages expense Advertising expense ACash Office Furniture Maintenance expense Revenues 2,000 24,000 150,000 150,000 47,000 60,000 Accounts receivable Common stock LTA Airplanes LNotes payable LTAHangar Roadmaster Guto PeatqIs Balane Shee Dc cember 30m Asse+s Liabittes Current Liabltes Accunts Rae 34 Total curter ia 30cuo noncurcentha prccaunts Peceiucble 24000 Notes Padbu T To talnoncurcegkT 4700 Corrent Asets casn Total Cor scts s00 otI Ciqbites on corenL Asscts Qirplenes Hengar office Furnitoe 443 00 59000 Equit e0000 o0 totcl non Current asets 22 SUdcDiuidmss 52000 Common Steck I50ou0 Ne+ Income 790C0 totl eqai tota assets 171000 Total equity ables
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