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Computers Inc. began business on January 1, 2017. Balances at December 31, 2017, are listed below. Accounts Payable $2,000 Capital Stock $1,000 Accounts Receivable 6,000

Computers Inc. began business on January 1, 2017. Balances at December 31, 2017, are listed below.

Accounts Payable

$2,000

Capital Stock

$1,000

Accounts Receivable

6,000

Supplies

3,000

Cash

8,000

Taxes Expense

1,300

Computer Equipment

12,000

Dividends

8,000

Fees Earned

74,000

Wages Expense

25,000

Rent Expense

12,000

Supplies Expense

1,700

Prepare an income statement, retained earnings statement, and a balance sheet for the company.

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