Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Wages expense wash Insurance expense Common stock Retained earnings Services revenue Cash $21,000 Accumulated depreciation-Buildings 3,500 Accounts receivable 700 Utilities expense 6,500 Interest payable 1,400 Unearned revenue 30,000 Supplies expense 8,500 Buildings Dividends Depreciation expense-Buildings 66,890 Supplies 70,000 $ 25,000 6,000 2,300 500 1,300 400 140,000 8,000 2,800 18,000 7,000 1,300 Prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $66,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses 0 $ 0 Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 21,000 Accumulated depreciation-Buildings $ 25,000 3,500 Accounts receivable 6,000 700 Utilities expense 2,300 6,500 Interest payable 500 1,400 Unearned revenue 1,300 30,000 Supplies expense 400 8,500 Buildings 140,000 2,800 Dividends 8,000 18,000 Depreciation expense-Buildings 7,000 66,800 Supplies 1,300 70,000 Prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $66,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. LLLLLLLLL Statement of Income Statement Retained Balance Sheet Earnings Prepare the statement of retained earnings for the year ended December 31. The Retained Earnings account balance was $66,800 on December 31 of the prior year. STARK COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, Dec. 31 prior year end 0 Retained earnings, Dec. 31 current year end $ 0 Prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $66,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Earnings Balance Sheet Prepare the balance sheet at December 31. STARK COMPANY Balance Sheet December 31 Assets 0 Total assets $ 0 Liabilities Total liabilities 0 Equity 0 Total equity Total liabilities and equity $ 0 Statement of Retained Earnings Balance Sheet
