after establishing their companies fiscal year- end to be October 31, Natalie and Curtis begin operating Cookie & Coffee and creations Inc. on November 1, 2022. on that date after the issuance of shares the paid in capital section of the companies balance sheet is as follows.

After establishing their company's fiscal year-end to be October 31, Natalie and Curtis begin ope on November 1, 2022. On that date, after the issuance of shares, the paid-in capital section of the follows. Paid-in capital Preferred stock. $0.50 noncumulative, no par value, 11,200 shares authorized, 2.240 issued $11,200 Common stock, no par value, 112,000 shares authorized, 29,048 issued 29,048 Cookie & Coffee Creations then has the following selected transactions during its first year of operations. 2022 Dec 1 Issues an additional 896 preferred shares to Natalie's brother for $4,480. 2023 Apr. 30 June 30 Oct. 31 Declares a semiannual dividend to the preferred stockholders of record on May 15. payable on June 1 Repurchases 840 shares of common stock issued to the lawyer, for $560. Recall that these were originally issued for $840. The lawyer had decided to retire and wanted to liquidate all of her assets. The company has had a very successful first year of operations. It earned revenues of $518,000 and incurred operating expenses of $414,400 (including $765 legal fee, but excluding income tax). Records income tax expense. The company has a 20% income tax rate) Declares a semiannual dividend to the preferred stockholders of record on November 15, payable on December 1 31 31 Date Account Titles and Explanation 2022 V Cash Preferred Stock 2023 Stock Dividends Dividends Payable > To record income tax excense! To record alvidend secara o Prepare the statement of retained earnings for the year. (List items that increase retained earnings first. Wanswer is zero, please enter 0, do not leave any field blank) COOKIE & COFFEE CREATIONS INC. Statement of Retained Earnings $ Texthon and Media Prepare the stockholders' equity section of the balance sheet as of October 31, 2023. (Enter account name only and do not provide descriptive information) COOKIE & COFFEE CREATIONS INC. Balance Sheet (Partial) Stockholders' Equity $ (d) Prepare closing entries for net income and cash dividends. (Credits Do not indent manually. If no entry is required, select "No Entry" for the the order displayed in the problem statement.) Date Account Titles and Explanation V (To close net income / (loss)) V (To close Cash Dividends to Retained Earnings) After establishing their company's fiscal year-end to be October 31, Natalie and Curtis begin ope on November 1, 2022. On that date, after the issuance of shares, the paid-in capital section of the follows. Paid-in capital Preferred stock. $0.50 noncumulative, no par value, 11,200 shares authorized, 2.240 issued $11,200 Common stock, no par value, 112,000 shares authorized, 29,048 issued 29,048 Cookie & Coffee Creations then has the following selected transactions during its first year of operations. 2022 Dec 1 Issues an additional 896 preferred shares to Natalie's brother for $4,480. 2023 Apr. 30 June 30 Oct. 31 Declares a semiannual dividend to the preferred stockholders of record on May 15. payable on June 1 Repurchases 840 shares of common stock issued to the lawyer, for $560. Recall that these were originally issued for $840. The lawyer had decided to retire and wanted to liquidate all of her assets. The company has had a very successful first year of operations. It earned revenues of $518,000 and incurred operating expenses of $414,400 (including $765 legal fee, but excluding income tax). Records income tax expense. The company has a 20% income tax rate) Declares a semiannual dividend to the preferred stockholders of record on November 15, payable on December 1 31 31 Date Account Titles and Explanation 2022 V Cash Preferred Stock 2023 Stock Dividends Dividends Payable > To record income tax excense! To record alvidend secara o Prepare the statement of retained earnings for the year. (List items that increase retained earnings first. Wanswer is zero, please enter 0, do not leave any field blank) COOKIE & COFFEE CREATIONS INC. Statement of Retained Earnings $ Texthon and Media Prepare the stockholders' equity section of the balance sheet as of October 31, 2023. (Enter account name only and do not provide descriptive information) COOKIE & COFFEE CREATIONS INC. Balance Sheet (Partial) Stockholders' Equity $ (d) Prepare closing entries for net income and cash dividends. (Credits Do not indent manually. If no entry is required, select "No Entry" for the the order displayed in the problem statement.) Date Account Titles and Explanation V (To close net income / (loss)) V (To close Cash Dividends to Retained Earnings)