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7,500 Buildings Stark company has the following adjusted accounts and balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wagen

7,500 Buildings Stark company has the following adjusted accounts and balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wagen payable Cash Wages expense $11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense $15,000 4,000 1,300 100 800 200 40,000 Insurance expense Common stock Retained earnings Services revenue 1,000 Dividends 3,000 10,000 Depreciation expense-Buildings 2,000 14,800 Supplies 20,000 800 Use the table of adjusted trial balance 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 $14,800 on December 31 of the prior year

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