antique automobiles. The retained earnings balance of the corporation was $31,800 at December 31, 2 ag 2018, the corporation paid $40,000 in dividends to its stockholders. At December 31, 2018, the business's account - these balances Click the icon to view the accounts.) the require fi Data Table with the hea sections of kholde entera $ 7,000 $ 18,000 ? Accounts receivable Note payable Retained earnings Salaries expense Equipment Insurance expense Cash Accounts payable Advertising expense Service revenue 14,000 17,000 5,000 2,500 80,000 28,000 3,900 2,100 70,000 Common stock 5,000 1,300 Rent expense Supplies Utilities expense Print Done Total stockholders' equity Total assets Total liabilities and stockholders' equity This Test: 100 pts Mint, Inc., restores antique automobiles. The retained earnings balance of the corporation was $31,800 at December 31, 201 During 2018, the corporation paid $40,000 in dividends to its stockholders At December 31, 2018, the business's accounting show these balances: (Click the icon to view the accounts.) Read the requirements Start with the heading, then complete the asset portion of the statement, and finally, complete the liabilities and stockholders equity sections of the statement. (If a box is not used in the statement, leave the box empty, do not select a label or enter a ze Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later Mint, Inc., restores antique automobiles. The retained earnings balance of the corporation was $31,800 at December 31, 2017 During 2018, the corporation paid $40,000 in dividends to its stockholders. At December 31, 2018, the business's accounting records show these balances: (Click the icon to view the accounts) Read the requirements Net income 53300 Requirement 2b. Prepare the statement of retained earnings for Mint, Inc., for the year ended December 31, 2018 Start with the heading and then complete the rest of the statement Mint, Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Retained earnings, December 31, 2017 31800 Add Net income 53300 O Subtotal 85100 Less Dividends Te Requirement 2c. Prepare the balance sheet for Mint, Inc. at December 31, 2018 Start with the heading, then complete the asset portion of the statement, and finally, complete the liabilities and stockholders' equity sections of the statement (If a box is not used in the statement leave the box empty do not select a label or enter a zero.) Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later E Type here to search Mint, Inc., restores antique automobiles. The retained earnings balance of the corporation was $31,800 at December 31, 2017 During 2018, the corporation paid $40,000 in dividends to its stockholders. At December 31, 2018, the business's accounting record show these balances (Click the icon to view the accounts.) Read the requirements Mint, Inc. Income Statement For the Year Ended December 31, 2018 80000 14000 Revenue Service revenue Expenses Salaries expense Insurance expense Utilities expense Advertising expense Rent expense 5000 1300 2500 3900 Total expenses 26700 Net income 53300 --------- Choose from any list or enter any number in the input fields and then continue to the next question. Save for Later This Test: 100 pts possible Mint, Inc., restores antique automobiles. The retained earnings balance of the corporation was $31,800 at December 31, 2017 During 2018, the corporation paid $40,000 in dividends to its stockholders. At December 31, 2018, the business's accounting records show these balances (Click the icon to view the accounts.) Read the requirements Requirement 1. Identify each amount shown as an asset, liability, or stockholders' equity Account Balance Type of Account Account Balance Type of Account Accounts receivable $ 7,000 Asset Cash $ 17,000 Asset Note payable 18,000 Liability Accounts payable 5,000 Liability Retained earnings ? Stockholders' equity Advertising expense 2,500 Stockholders' equity Salaries expense 14,000 Stockholders' equity Service revenue 80,000 Stockholders' equity Equipment 70,000 Asset Common stock 28,000 Stockholders' equity Insurance expense 5,000 Stockholders' equity Rent expense 3,900 Stockholders' equity Utilities expense 1,300 Stockholders' equity Supplies Requirement 2a Prepare the income statement for Mint, Inc., for the year ended December 31, 2018 Start with the heading and then complete the rest of the statement. (If a box is not used in the statement, leave the box empty, do not select a label or enter a zero.) Mint, Inc. Income Statement 2,100 Asset Choose from any list or enter any number in the input fields and then continue to the next question. Save for later