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Bensen Company began operations when it acquired $28,100 cash from the issue of common stock on January 1, 2018. The cash acquired was immediately used

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Bensen Company began operations when it acquired $28,100 cash from the issue of common stock on January 1, 2018. The cash acquired was immediately used to purchase equipment for $28.100 that had a $4.900 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $4,300 cash. Bensen uses straight-line depreciation. 2018 $7.662 2019 $8.162 2020 8,350 2021 $7,150 2022 $a Revenue 5 Required Prepare income statements, statements of changes in stockholders' equity. balance sheets, and statements of cash flows for each of the five years. Present the statements in the form of a vertical statements model. (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be Indicated with a minus sign.) BENSEN COMPANY For the Year Ended December 31 Income statement 2018 2019 2020 2021 2022 Gain/(Loss) Net income loss) Satement of Changes in Stockholders' Equity Not income foss) Total stockholder's equity Balance Sheet Assets Total assets Stockholder's Equity Total stockholder's equity Statement of Cash Flowe Operating activities: Net cash flow from operating activities Investing activities Net cash investing activities Financing activities: Net cash flow from financing activities Net change in cash Ending cash balance

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