Accounting

HW 1: Due date Sep 9, 2019 Simplex Corporation provides the following information at the end of the year. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings at the end of the year Utilities expense for the year Note payable to the bank Service revenue during the year Salaries expense for the year Accounts payable to suppliers Dividends paid to stockholders during the year Common stock that has been issued, including $8,000 that was issued this year Cash remaining Interest expense for the year Accounts receivable from customers $3,500 8,700 70,000 7,500 38,000 4,200 21,500 67,800 24,200 6,700 30,000 5,500 1,800 16,700 1) Prepare the income statement for the year ended December 31, 20XX. 2) Prepare the statement of stockholders' equity for the year ended December 31, 20XX. The balance of retained earnings at the beginning of the year equals $24,500. 3) Prepare the balance sheet for Simplex Corporation on December 31, 20XX