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6. The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: Supplies $ 820 Beginning retained earnings $

6.

The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:

Supplies $ 820 Beginning retained earnings $ 20,000
Cash flow from investing act. (6,400 ) Cash flow from financing act. (5,300 )
Prepaid insurance 2,500 Rent expense 2,300
Service revenue 80,000 Dividends 5,200
Other operating expenses 43,000 Cash 11,900
Supplies expense 230 Accounts receivable 20,000
Insurance expense 1,000 Prepaid rent 4,800
Beginning common stock 1,000 Unearned revenue 6,400
Cash flow from operating act. 7,600 Land 37,000
Common stock issued 5,400 Accounts payable 15,950

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).

1

BARKER COMPANY
Income Statement
For the Year Ended December 31, 2018
Revenue
not attempted not attempted
not attempted not attempted
Total revenue $0
Expenses
not attempted not attempted
not attempted not attempted
not attempted not attempted
not attempted not attempted
not attempted not attempted
Total expenses 0
not attempted $0

2

BARKER COMPANY
Statement of Changes in Stockholders Equity
For the Year Ended December 31, 2018
Beginning common stock not attempted
not attempted not attempted
Ending common stock $0
Beginning retained earnings not attempted
not attempted not attempted
not attempted not attempted
Ending retained earnings 0
Total stockholders equity $0

3

BARKER COMPANY
Balance Sheet
As of December 31, 2018
Assets
not attempted not attempted
not attempted not attempted
not attempted not attempted
not attempted not attempted
not attempted not attempted
not attempted not attempted
not attempted not attempted
Total assets $0
Liabilities
not attempted not attempted
not attempted not attempted
not attempted not attempted
Total liabilities $0
Stockholders Equity
not attempted not attempted
not attempted not attempted
not attempted not attempted
Total stockholders equity 0
Total liabilities and stockholders equity $0

4

BARKER COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2018
Cash flow from operating activities not attempted
Cash flow from investing activities not attempted
Cash flow from financing activities not attempted
Net change in cash (4,100)
not attempted not attempted
Ending cash balance $11,900

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