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Angus, Inc. provides discount food delivery services to senior citizens. At the end of the year on December 31, 2021, the company reports the following
Angus, Inc. provides discount food delivery services to senior citizens. At the end of the year on December 31, 2021, the company reports the following amounts: Cash Equipment Accounts payable Delivery expense Salaries expense $ 1,400 Service revenue $71,200 20,500 cost of goods sold (food expense) 54,100 2,700 Buildings 23,000 3,300 Supplies 1,700 6,200 salaries payable 700 In addition, the company had common stock of $23,000 at the beginning of the year and issued an additional $2,300 during the year. The company also had retained earnings of $10,300 at the beginning of the year. Required: 1. Prepare the income statement for Angus Inc. 2. Prepare the statement of stockholders' equity for Angus Inc. 3. Prepare the balance sheet for Angus Inc. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Angus Corporation. ANGUS CORPORATION Income Statement For the year ended Dec. 31, 2021 Expenses: Total expenses Required Required 2 > Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for Angus Corporation. ANGUS CORPORATION Statement of Stockholders' Equity For the year ended Dec. 31, 2021 Total Common Stock Retained Stockholders' Earnings Equity Beginning balance Ending balance Required 1 Required 2 Required 3 Prepare the balance sheet for Angus Corporation. ANGUS CORPORATION Balance Sheet Dec. 31, 2021 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
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