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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 Buildings Salaries expense Accounts payable Cash 5 32,908 Service revenue 144,000 Interest expense 64,500 Utilities expense 5,800 Equipment 4,900 Notes payable $124,600 2,900 14,900 24,00 27.ece In addition, the company had common stock of $100.000 at the beginning of the year and issued an additional $11,000 during the year, The company also had retained earnings of $24,300 at the beginning of the year and paid dividends of $4,600. 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare the income statement for Gator Investments. GATOR INVESTMENTS Income Statement For the year ended Dec 31, 2021 Expenses 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the income statement for Gator Investments. GATOR INVESTMENTS Income Statement For the year ended Dec 31, 2021 Expenses Total expenses Required Required 2 > Required 1 Required 2 Required 3 Prepare the statement of stockholders' equity for Gator Investments. GATOR INVESTMENTS Statement of Stockholders' Equity For the year ended Dec. 31, 2021 Common Stock Retained Earnings Total Stockholders Equity Beginning balance Ending balance (Required 1 Required 3 > Prepare the balance sheet for Gator Investments. GATOR INVESTMENTS Balance Sheet Dec. 31, 2021 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Total assets
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