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Cash $ 33,000 Service Revenue $ 120,000 Buidings $ 64,000 Salaries Expense $ 24,000 Accounts Payable $ 11,000 Equipment $ 86,000 Utilities Expense $3,000 Supplies
Cash $ 33,000 Service Revenue $ 120,000 Buidings $ 64,000 Salaries Expense $ 24,000 Accounts Payable $ 11,000 Equipment $ 86,000 Utilities Expense $3,000 Supplies $6,000 $18,000 Notes payable $ 42,000 $4,000 Rent Expense Supplies expense Accounts Receivables $21,000 In addition, the company had common stock of $55,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $23,000 at the beginning of the year and paid dividends of $2,000 during the year. Please prepare income statement, statement of stockholders' equity and classified balance sheet and provide the following amounts: Net income Ending balance of common stock Ending balance of retained earnings Ending total stockholders' equity Total assets Total current assets Total long-term assets Total liabilities Total liabilities and stockholders' equity
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