Hiviuuay. TUUM CUM UM WILyu JUNIJ textbook and class notes. I really need for you to take this request seriously. If you complete this assignment before the due date, feel free to turn it in early. Required: Using the account listing for Fun-Time Toys, Inc. and the cash flows work you did which I have returned to you with corrections), prepare in proper form the: o Income Statement (see Exhibit 6-3 on p. 254 and Exhibit 6-8 on p. 266 of your textbook for models), o Statement of Retained Earnings (see Exhibit 5-3 on p. 200 of your textbook for a model), O Balance Sheet (see Exhibit 14-3 on p. 630 of your textbook for a model, and o Statement of Cash Flows (see Exhibit 13-1 on p. 567 of your textbook for a model) for the company for the month of December. Once you have finished this assignment, please e-mail to me your financial statements and a scan of this cover sheet with your signature to pledge your work. Remember that each and every cash flow on the list must be included on the statement of cash flows under the appropriate category. Accounts payable Accounts receivable Accumulated depreciation: Office equipment Allowance for Uncollectible Accounts Amortization expense: Patent Capital stock Cash Cost of Goods Sold Depreciation expense: Office equipment Dividends Income tax expense Income taxes payable Insurance expense Interest expense Interest payable Land Loss on sale of equipment Note payable (due in 5 years) Office Equipment Office supplies Office supplies expense Patent Prepaid insurance Prepaid rent Purchase discounts lost Rent expense Retained earnings, 1/1/19 Salaries expense Salaries payable Sales Sales returns Uncollectible accounts expense Unearned revenue Fun-Time Toys, Inc. Account Listing in Alphabetical Order 31-Dec-19 Debit Credit Account Type Financial Statement $15,300 La Balance sheet $7,000 ASSOS Balance sheet 62,000 contra-Asset Balance sheet contro-Asset Balance sheet 250 500 expense Income Statement 120,000 EM111 Balance sheet 110,100 Asset Balance sheet 100,000 Expense LCONE Startment income 18,000 Expense statement 2,000 Toiv.dens st o re 15.000 EXPense income statement 5,700 LAHY Balance sheet 2.200 Expense Income stoletat 8 40 EXPENSE Income Statement 1 9 70 liabilit1 Balance sheet 127.000 T L Asses I Balance sheet 1 0,000 LOSS Income Statement 100,000 Liability Balance Shett 117,000 Asset Balance sheet 470 ASSet Balance sheet 1,400 expense Income Statement 12.000 Asset Balance Sheet 1,360 Asset Balance Shelt 1,800 Asset Bance sheet 100 Expense Income statement 12,150 EXPlase Income statement 0 EQMify potem eronta 58,000 EXPENSO Income statement 9.200 Lighiliti Balance sheet 270,000 Revenue Income Statement 6,400 Contro-Revenue Income Statement 100 Expense Income statement 20.000 Liability Balance Shtet LEDGER ACCOUNT: Cash Balance Operating Investing Financing Credit Debit Debit Credit Inflow or Outflow? $ 12,500 80,000 S 6,600 9.150 17025 7.688 1 1,300 2,350 Date Description Dec. I Cash received for common stock issued I Borrowed from First National Bank 2 Prepaid insurance Prepaid rent Received advanced payment from customers Receipts from cash clients 16 Paid receptionist wages 17 Purchase office furniture from Office Design Co. 19 Receipts from clients on account 20 Purchase of supplies 21 P urchase office furniture from Office Design Co. 21 Receipts from cash clients 22 Paid for advertisements 25 Receipts from clients on account 28 Paid receptionist wages 29 Paid telephone bill 30 Paid dividends 31 Receipts from cash clients 5,500 Loflow Inflow outlow outflow Inflow I Inflow Outflon 041 Inflow Toutflow Oli Inflow outflow | Inflon duifion Outflow Outfio Infion $ 12.500 92,500 85.900 76,750 93.775 01,463 100,163 97,813 103,313 101,008 98,658 105,078 104,203 110,978 109.678 109,300 106,475 110,100 Financing I Financing Operating Operating Operating Operating Operating | Investing Operating Operating Investing Operating Operating Operating Operating Operating Financing 1 Operating 2.305 2,350 6,420 875 6,775 1,300 378 2,825 3,625