1. Consider the following financial information for the year ended December 31, 2015 for Henrys Lobster Shack, a thriving restaurant in Jaco, Costa Rica. Prepare a set of financial statements for Henrys Lobster Shack excluding a Statement of Cash Flow.

Accounts Payable	$ 166,000	Dividends paid during 2015	$ 39,000
Wages and Taxes payable	120,000	Other Liabilities	517,000
Cash balance, Jan. 1/15	84,000	Other Revenues	21,000
Cash balance, Dec. 31/15	94,000	Property and Equipment	1,549,000
Food and Supplies Expense	1,415,000	Restaurant Sales Revenue	3,920,000
Selling and Admin Expenses	235,000	Utilities and Other Expenses	1,104,000
Food and Supply Inventory	87,000	Wages Expense	1,087,000
Notes Payable	235,000	Retained Earnings, Jan 1/15	1,074,000
Other Assets	529,000	Henrys Contributed Capital	86,000