Accounting 18-Online Written Assignment Chapter 15 Using the account balances and heading listed below, complete the Financial Statements (with proper headings) for the fiscal year ended December 31, 2017 for Mitchell Company S 40,000 Machinery (net Accounts Payable Accounts Receivable (net) Accrued Liabilities Administration Expense Bonds Payable Buildings (net) Cash Common Stock Cost of Goods Sold Current Maturities of Long Term Deb Dividends 25,000 Marketable Securities ,000 45,000 00,000 13,000 2,000 5,000 Mortgage Payable 17,000 Net Sales 20,000 Notes Payable -Long Term 70,000 Other Expense (interest) 32,000 Notes Receivable 3,800 2,000 15,000 7,500 32.500 81,000 17.750 30,000 7.500 2,000 13,000 10,000 Other Income 20,000 Paid in Capital In Excess of Par Patents 12.250 2000 Prepaid Advertising 8000 Retained Earnings,January 1,2017 2.200 Selling Expense 2,500 Salaries Payable Income Tas expense Inventory Investments-Held to Maturity Land Land - not in use, to be sold in 5 30,000 Supplies 2,000 Treasury Stock 16,000 Uncarned Sales Revenue 25,000 Headings Current Assets, Long-Term Investments, Property, Plant and Equipment, Intangible Assets, Total Assets, Current Liabilities, Long Term Liabilities, Stockholders' Equity, Income from Operations, Income Before Income Tax Mitchell Company Income Statement Don't forget the statement date 2017 2016 s 80,000 9,800 70,200 25,000 16.200 29,000 2,000 4.200 26,800 80,000 Gross Profit Income From Operations 33,000 31,200 Income Before Income Tax Income Tax Net Income $29,000 S 25,000 M. Baker Page