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can you help me build the income statement. thanks Extra Homework From the following information for 2020 for Logan, Inc. prepare Financial Statements. As a
can you help me build the income statement. thanks
Extra Homework From the following information for 2020 for Logan, Inc. prepare Financial Statements. As a December 31-year end. Accounts Payable Accounts Receivable Accumulated Depreciation Advertising Expense Building Cash Common Stock Cost of Goods Sold Equipment Interest Expense Inventory Depreciation Expense Notes Payable, Long-Term Patent Rent Expense Retained Earnings Sales Salaries Payable Salary Expense Tax Expense Taxes Payable Utilities Expense $200,000 80,000 46,000 19,000 300,000 108,000 300,000 500,000 140,000 5,000 118,000 28,000 10,000 50,000 75,000 171.000 825,000 60,000 100,000 18,000 9,000 40,000 Logan, Inc. issued 200 shares of common stock on June 30, 2020. There were 800 shares of common stock outstanding at the end of 2019 (last year). The company declared and paid a $10.000 dividend during 2020. The beginning Common Stock was $240,000 and the beginning Retained Earnings was $141,000
can you help me build the income statement. thanks
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