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Assume that you are the ownet/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30. 2020), the following

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Assume that you are the ownet/operator of College Park Veterinary Clinic. At the end of the second year of operations (June 30. 2020), the following financial data for the company are available: Accounts Receivable Supplies Property and Equipment Other Assets Accounts Payable Notes Pays Other Liabilities Sales Revenge Operating Expenses Selling and Administrative Expenses Advertising and Marketing Expenses Interest Expense Tetained Earnings, July 1, 2019 Contributed Capital Dividends $ 6,000 127,400 37.000 230.500 14,700 54,650 155,00 26,100 255,000 194,100 46,100 2),200 6,000 50,000 167,000 22,750 Required: 1. Prepare an income statement for the year ended June 30, 2020. (Negative amounts should be indicated by a minus sign COLLEGE PARK VETERINARY CLINIC Income Statement For the Year Ended June 30, 2020 Expenses 0 Total expenses 2. Prepare a statement of retained eamings for the year ended June 30, 2020. (Negative amounts should be indicated by a minus sign.) COLLEGE PARK VETERINARY CLINIC Statement of Retained Earnings For the Year Ended June 30, 2020 Rotained earnings, July 1, 2019 $ Retained earnings, June 30, 2020 o 3. Prepare a balance sheet at June 30, 2020. COLLEGE PARK VETERINARY CLINIC Balance Sheet At June 30, 2020 Assets Total assets $ 0 Liabilities 0 Total liabilities Shareholders' equity Total shareholders' equity Total liabilities and shareholders' equity $ 0

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