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Assume the following beginning balance for Rustic Camp Sites: Beginning Common Stock $120,000 Additional Common Stock $32,000 Beginning Retained Earnings $31,000 Dividends - $9,000 Cash

Assume the following beginning balance for Rustic Camp Sites:

Beginning Common Stock $120,000

Additional Common Stock $32,000

Beginning Retained Earnings $31,000

Dividends - $9,000

Cash - $230,000

Land - $400,000

Notes Payable - $400,000

Revenue - $116,000

Expense - $60,000

Complete the income statement, statement of changes in stockholders equity and balance sheet using the following Excel template:

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