Below are the accounts and balances drawn from the records of Cowboy Ice Cream Company at the end of Year 4 (December 31 year end) Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common Stock Issued $ 770 Beginning retained earnings (7.000) Cash flow from financing act. 2,500 Rent expense 75,000 Dividends 42.000 Cash 230 Accounts receivable 1,300 Prepaid rent 1,100 Unearned revenue 7.900 Land 5,800 Accounts payable $19.000 (5,700) 2.400 4.500 12,300 19.000 6,800 7.000 35,000 20,00 36 Required Use the accounts and balances from Cowboy Ice Cream Company to construct their financial statements. You will need to create the following 1. Income Statement 2. Statement of Changes in Stockholders' Equity 3. Balance Sheet 4. Statement of Cash Flows (show only totals for each activity on the statement of cash flows) COWBOY ICE CREAM COMPANY Income Statement For the Year Ended December 31, Year 4 Revenue Total revenue Expenses Total expenses COWBOY ICE CREAM COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 4 Beginning common stock 59:18 Ending common stock Beginning retained earnings ok Ending retained earnings Total stockholders' equity COWBOY ICE CREAM COMPANY Balance Sheet As of December 31, Year 4 Assets Total assets Liabilities Total liabilities Stockholders' Equity Prev 1 of 9 COWBOY ICE CREAM COMPANY Statement of Cash Flows For the Year Ended December 31, Year 4 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance