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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 $121,100 2,200 14,200 20,500 23,500 32,200 Service revenue 137,000 Interest expense 63,800 Utilities expense 5,100 Equipment 4, 200 Notes payable 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 retalned earnings of $17,300 at the beginning of the year and paid dividends of $3,900. 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 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 2
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