B29 @ for B Complete the items in Yollow in the sheet below and answer the following questions: 3 1. What is the net income of Skolnick? 4 2. What is the ending retained earings balance of Skolnok? 5 3. What are the total assets of Skolnick? 6 4. What are the total liabilities of Skolnick? 7 5. What is the total shareholders' equity of Skolnick? 8 9 10 Skolnick Co 11 30-Jun-19 12 13 14 Account Titles Dr. Cr. 15 Cash 5,000 16 Accounts Receivable 600 17 Prepaid Rent 1.800 18 Supplies 1,000 19 Equipment 10.000 20 Accumulated Depreciation - Equipment 850 21 Notes Payable 3,000 22 Accounts Payable 1,100 23 Salaries and Wages Payable 200 24 Interest payable 50 25 Uneamed rent revenue 300 26 Common Stock 10.000 27 Retained Earnings 0 28 Dividends 500 29 Service Revenue 12,000 30 Rent revenue 500 31 Rent Expense 1,000 32 Depreciation Expense 500 33 Salaries and Wages Expense 7.000 34 Supplies Expense 40 35 interest expense 50 36 Uities Expense 510 37 Total 28,000 28.000 38 39 40 41 Skolnick Co 42 Income Statement 43 For the quarter ended in 2019 44 Revenues 45 Service revenue 46 Rent revenue 47 Total Revenue 48 Emne K > > Cha-Creare financials Ch 4 - Closing entries Problem 5.1A Local backup on + Prob B29 Com Skolnick Co Income Statement For the quarter ended June 30 2019 Revenues Service revenue Rent revenue Total Revenue Expenses Rent Expense Depreciation Expense Salaries and Wages Expense Supplies Expense Interest expense Utilities Expense Total expenses Net Income (oss) Skolnick Co Retained Eaming Statement Fortbe ouder ended up 30, 2018 30 2 Retained Earnings, April 3 Add: Net Income + 5 Less: Dividends 6 Retained Earnings, June 30 38 19 Skolinick Co 0 Balance Sheet 31 As of June 30, 2019 32 Assets 73 Current Assets 74 Cash 75 Accounts receivable 76 Supplies 77 Prepaid Rent 28 Tot current assets 79 Property, plant and equipment 80 Equipment 81 Les Accumulated depreciation equipment 82 Total 83 84 Liabilities and Stockholders Equity 85 Current kabiles 86 Notes Payable 87 Accounts Payable 88 Salaries and Wages Payable 39 Interest Payable 90 Uneamed revenue 91 Total Curend liabilities 92 Stockholders equity 93 Common Stock 94 Retained Earnings 95 Total liabilis and stockholders equity 96 97 98 99 100 101 K >>1 Ch 4 Create financials Ch 4 - Closing entries Proble Local backup on