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3. The December 31, 2020 adjusted trial balance for Year of the Tiger Incorporated reflects the following amounts. Prepare the Company's balance sheet, income statement,
3. The December 31, 2020 adjusted trial balance for Year of the Tiger Incorporated reflects the following amounts. Prepare the Company's balance sheet, income statement, and retained earnings statement in good form as of and for the year ended December 31, 2020. All accounts have normal balances. [29 points] Accounts Receivable 102,000 Accumulated Depreciation - Bldg. 15,000 Accumulated Depreciation - Equip. 10,000 Advertising Expense 1,560 Bonds Payable (due August 31, 2024) 78,000 Buildings 80,400 Cash 50,000 Common Stock 70,000 Depreciation Expense 8,000 Dividends 50,400 Equipment 70,000 Income Tax Expense (tax rate is 20%) ? Income Taxes Payable 3,000 Interest Expense 2,400 Interest Payable 600 Land 137,320 Notes Payable (due Sept 30, 2021) 34,400 Prepaid Advertising 5,000 Retained Earnings ? Salaries and Wages Expense 53,040 Salaries and Wages Payable 900 Service Revenue 351,400 Supplies 1,860 Utilities Expense 1,320
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