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Holden Corp. began operations on April 1, 2013. Its adjusted account balances at March 31, 2014 are shown below. Use this information to prepare the

Holden Corp. began operations on April 1, 2013. Its adjusted account balances at March 31, 2014 are shown below. Use this information to prepare the following:

  1. Income statement for the year ended March 31.
  2. Statement of changes in equity for the year ended March 31.
  3. Classified balance sheet at March 31.
  4. Use headings when preparing a balance sheet (current assets etc.).image text in transcribed
(select one) Income Statement (select one) Balance 10,980 1,970 650 7,560 4,290 9,820 6,800 10,050 1,970 X X X + f + + 650 Account Accounts receivable Accumulated depreciation, automobiles Accumulated depreciation, equipment Advertising expense Advertising payable Automobiles Cash Commissions earned Depreciation expense, automobiles Depreciation expense, equipment Dividends Equipment Interest earned Interest expense Land Long-term notes payable Long-term investment shares Mortgage Payable (due May, 2018) Prepaid advertising Rent earned Share capital Short-term notes payable Trademark Unearned rent 1,890 6,750 2,330 3,440 8,160 11,690 13,180 13,310 3,130 9, 110 12,470 6,490 3,990 5,960 (select one) Statement of Changes in Equity (select one) Share Retained Total Capital Earnings Equity X + X + + + (select one) Balance Sheet (select one) X X X X X

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