Accounting

Bensen Company started business by acquiring $23,900 cash from the issue of common stock on January 1, Year 1 . The cash acquired was immediately used to purchase equipment for $23,900 that had a $3,500 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue streem (assume that all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $4,010 cash. Bensen uses straight-line depreciation. Required Prepare income statements, statements of changes in stockholders' equity, balance sheets, and statements of cash flows for each of the five years. Complete this question by entering your answers in the tabs below. Prepare the statements of changes in stockholders' equity for each of the five years