a. Prepare journal entries for the tranactions listed above and adjusting entries

b. Prepare an adjusted trial balance at Decembe 31, 2020 from adjusted trial balance at December 31, 2019 with journal entries (do not use t-accounts to determine ending balances)

c. Prepare finacials as follows:

i. income statement for the year 2020

ii. comaprable balance sheets as if December 31, 2019 and 2020. (no need to prepare retained earnings, it should be inlcuded as part of the balance sheet equity section)

iii. cash flow statements for the year 2020

Please help with part C, i already have A and B just need help with C.

Hawkeye Corporation's balance sheet at December 31, 2019, is presented below. HAWKEYE CORPORATION Balance Sheet December 31, 2019 Cash $26,300 Accounts receivable 75.000 $22.400 Accounts payable 46,200 Common stock ($10 par (1,500) Retained earnings 4.800 Allowance for doubtful accounts 129,300 Supplies Land 39,300 141,200 Buildings Accumulated depreciation-buildings (21,800) $230,600 $230,600 2. 3. 4. 5. During 2020, the following transactions occurred. 1. On January 1, 2020, Hawkeye issued 1,300 shares of $40 par, 7% preferred stock for $53,300. On January 1, 2020, Hawkeye also issued 900 shares of the $10 par value common stock for $21,900. Hawkeye performed services for $304,000 on account. On April 1, 2020, Hawkeye collected fees of $32,800 in advance for services to be performed from April 1, 2020, to March 31, 2021. Hawkeye collected $267.300 from customers on account Hawkeye bought $35.400 of supplies on account. Hawkeye paid $30,300 on accounts payable. Hawkeye reacquired 300 shares of its common stock on June 1, 2020, for $28 per share. 9. Paid other operating expenses of $187,900. On December 31, 2020, Hawkeye declared the annual preferred stock dividend and a $1.10 per share dividend on the outstanding common stock, all payable on January 15, 2021. An account receivable of $1,600 which originated in 2019 is written off as uncollectible. 6. 7. 8. 10. 11. Adjustment data: 1. 2. 3. A count of supplies indicates that $5,800 of supplies remain unused at year-end. Recorded revenue from item 4 above. The allowance for doubtful accounts should have a balance of $3,900 at year end. Depreciation is recorded on the building on a straight-line basis based on a 30-year life and a salvage value of $10.400 The income tax rate is 30%. (Hint: Prepare the income statement up to income before income taxes and multiply by 30% to compute the amount.) 4. 5. 5