Fees for services performed during the year, $121,000 Accounts payable, $18,000 Accounts receivable, $18,100 Miscellaneous expenses for the year, $9,300 Supplies on hand, $2,800 Notes payable, $25,000 Interest expense on the note for the year, $3,200 Equipment, $91,300 Cash on hand, $11,900 Salaries expense for the year, $70,700 Supplies expense for the year, $9,200 Rent expense for the year, $11,200 Common stock that has been issued, $50,000 Retained earnings at the end of the year, $31,100

Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet for Goldie Company. Fees for services performed during the year, $121,000 Accounts payable, $18,000 Accounts receivable, $18,100 Miscellaneous expenses for the year, $9,300 Supplies on hand, $2,800 Notes payable, $25,000 Interest expense on the note for the year, $3,200 Equipment, $91,300 Cash on hand, $11,900 Salaries expense for the year, $70,700 Supplies expense for the year, $9,200 Rent expense for the year, $11,200 Common stock that has been issued, $50,000 Retained earnings at the end of the year, $31,100 a. Income statement. GOLDIE COMPANY Income Statement For the year ended December 31 Revenues: Expenses: Total expenses 0 0 b. Classified balance sheet. (Be sure to list the assets and liabilities in order of their liquidity.) GOLDIE COMPANY Balance Sheet December 31 Assets Liabilities Total Liabilities 0 Stockholders' Equity $ 0 Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity Total Assets 0