A1 1 fx Accessibility tab summary: Adjusted accounts with normal balances for Stark company are p B C D 2 Stark company has the following adjusted accounts with normal balances at its December 31 year-end. 3 4 Notes payable 5 Prepaid insurance Interest expense 7 Accounts payable 8 9 Cash Wages payable 10 Wages expense $11,000 2,500 500 1,500 400 10,000 7,500 11 Insurance expense 1,800 12 Common stock 10,000 13 Services revenue 20,000 14 Accumulated depreciation-Buildings 15,000 15 Accounts receivable 4,000 16 Utilities expense 1,300 17 Interest payable 100 18 Unearned revenue 800 19 Supplies expense 200 20 Buildings 40,000 21 Dividends 3,000 22 Depreciation expense-Buildings 2,000 23 Supplies 800 24 Retained earnings 14,800 25 E 28 (Use cells A4 to 824 from the given information to complete this question. Formulas for revenues and 29 expenses must return positive values.) 30 31 32 33 34 35 Expenses STARK COMPANY Income Statement For Year Ended December 31 36 37 38 39 40 41 42 Total expenses 43 44 + 45 Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $14,800 on 46 December 31 of the prior year. 47 48 (Formulas for dividends and losses must return negative values.) 49 50 51 52 STARK COMPANY Statement of Retained Earnings For Year Ended December 31 53 Retained earnings, December 31 prior year end 56 Retained earnings, December 31 current year end 59 Prepare the balance sheet at December 31. 60 61 (Formulas for any items to be subtracted must return negative values.) 62 63 64 65 66 67 68 69 70 71 72 73 Total assets 74 75 76 77 78 79 80 Total liabilities 81 82 83 84 Total equity 85 Total liabilities and equity STARK COMPANY Balance Sheet December 31 Assets Liabilities Equity