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Answer questions 26-36 using the financial information provided for ELI, Inc. Presented below are the amounts of assets and liabilities of ELI, Inc. as of

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Answer questions 26-36 using the financial information provided for ELI, Inc. Presented below are the amounts of assets and liabilities of ELI, Inc. as of December 31, 2016, and revenues and expenses of the company for the year ended on that date. These items are isted in alphabetical order. s Accounts Payable Accounts Receivable Accumulated Depreciation Cash Common Stock Cost of Goods Sold Depreciation Expense Dividends Equipment Interest Expense Interest Payable Insurance Expense Notes Payable - Long Term Prepaid nsurance Rent Revenue Sales Supplies Supples Expense Taxes Payable Utilities Expense Wages Expense Wages Payable 176.000 152,000 60.000 931,200 1,440,000 960.000 60.000 36.000 1,440.000 8,000 8.000 144,000 600,000 144000 96.000 2,400,000 112 800 55200 98.000 52 800 880.000 100 000 Requirements 1. Prepare the company's income statement for the year ended December 31, 2016 2. Prepare the company's statement of retained earnings for the year ended December 31, 2015) 2. Prepare the company's balance shent at December 2018

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