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Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2021,

Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2021, the company reports the following amounts:

Advertising expense $ 31,600 Service revenue $ 118,100
Buildings 131,000 Interest expense 1,600
Salaries expense 63,200 Utilities expense 13,600
Accounts payable 4,500 Equipment 17,500
Cash 3,600 Notes payable 20,500

In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $12,300 at the beginning of the year and paid dividends of $3,300.

Required:

  1. Prepare the income statement for Gator Investments.
  2. Prepare the statement of stockholders equity for Gator Investments.
  3. Prepare the balance sheet for Gator Investments.

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