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ed Problem 2-21 (Algo) Prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results LO 2-2, 2-3, 2-4 The
ed Problem 2-21 (Algo) Prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results LO 2-2, 2-3, 2-4 The information on the following page was obtained from the records of Breanna Incorporated: Accounts receivable. Accumulated depreciation Cost of goods sold $ 10,600 51,900 122,000 8,000 nt ences Common stock (9,300 shares) Income tax expense Cash 62,500 Net sales 201,000 Equipment 129,000 Selling, general, and administrative expenses 34,000 90,000 10,500 34,500 5,600 Merchandise inventory 38,500 38,000 15,700 Accounts payable Retained earnings, 1/1/22 Interest expense Long term debt Dividends declared and paid during 2022 W Except as otherwise indicated, assume that all balance sheet items reflect account balances at December 31, 2022, and that all inco anita
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