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Answers? Skysong, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31,
Answers? Skysong, Inc. is a private camping ground near the Mount Miguel Recreation Area. It has compiled the following financial information as of December 31, 2017 Service revenue (from camping fees) $145,200 Dividends $9,900 Sales revenue (from general store) 27,500 Notes payable 55,000 Accounts payable 12,100 Expenses during 2017 138,600 Cash 9,350 Supplies 6,050 Equipment 125,400 Common stock 44,000 5,500 Retained earnings (1/1/2017) Determine Skysong, Inc.'s net income for 2017. Skysong, Inc's net income for 2017 $ Prepare a retained earnings statement for Skysong, Inc. year ended December 31, 2017.(List items that increase retained earnings first.) Skysong, Inc. Retained Earnings Statement e Textbook and Media List of Accounts Prepare a balance sheet for Skysong, Inc. as of December 31, 2017. (List assets in order of liquidity.) Skysong, Inc. Balance Sheet Assets Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity e Textbook and Media
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