Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends $ 41,800 31,000 10,100 21,000 10,200 50, 500 105,000 10,100 10,909 5,109 21,000 18,500 Required: 1. Prepare the Income Statement for the year ended December 31, Year 1 2. Prepare the statement of retained earnings for the year ended December 31, Year 1. 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the Income Statement for the year ended December 31, Year 1. VANTAGE SERVICE Income Statement For the Year Ended December 31, Year 1 Revenues: Total Revenues Expenses: Total Expenses Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends 5 41,000 31,000 10,109 21,600 10,200 50,500 105,000 10,100 10,900 5,100 21,000 18,500 Required: 1. Prepare the Income Statement for the year ended December 31. Year 1. 2. Prepare the statement of retained earnings for the year ended December 31, Year 1. 3. Prepare the balance sheet for the year ended December 31, Year 1. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the statement of retained earnings for the year ended December 31, Year 1. VANTAGE SERVICE Statement of Retained Earnings For the Year Ended December 31, Year 1 Retained Earnings, January 1. Year 1 Retained Earnings, December 31, Year 1 L Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Como Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends $41.ee 31, 20,100 21. 10,zee 5e,see 1es.eee 12,180 10,900 5,100 21.ee 18.500 Required: 1. Prepare the Income Statement for the year ended December 31, Year 1. 2. Prepare the statement of retained earnings for the year ended December 31, Year 1 3. Prepare the balance sheet for the year ended December 31, Year 1 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the balance sheet for the year ended December 31. Year 1. VANTAGE SERVICE Balance Sheet December 31, Year 1 Assets Total Assets Total Liabilities Stockholders' Equity Total Stockholders Evity Total Labies and Stockholders' County
