HOmew G 30 Chapter 3 Homework Saved 7 4. Prepare an income statement, statement of stockholders' equity, and classified balance Part 3 of 4 Complete this question by entering your answers in the tabs below. 2 Stmt of Stockholders Balance Sheet Equity Income Statement points 02:52:32) Prepare a statement of stockholders' equity. RED FLASH PHOTOGRAPHY Statement of Stockholders' Equity For the Year Ended December 31, 2021 eBook Total Stockholders Equity Retained Earnings Common Stock Print Balance at January 1 References Balance at December 31 Mc Graw Prev of 10 7 8 Next Homework Saved Hel Required information (The following information applies to the questions displayed below. On January 1, 2021, Red Flash Photography had the following balances: Cash, $19,000; Supplies, $8,700; Land, $67,000 Deferred Revenue, $5,700; Common Stock $57,000; and Retained Earnings, $32,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $27,000. 2. May 3. August 4. October 5. November 17 Purchane supplies on account, $29,000 6. December 30 Pay dividends, $2,700. 20 Provide services to customers for cash, $42,000, and on account, $37,000. 31 Pay salaries to employees for work in 2021, $30,000. 1 Purchase rental space for one year, $19,000. :16 The following information is available on December 31, 2021: 1. Employees are owed an additional $4,700 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,700 remain on hand. 4. All of the services associated with the-beginning deferred revenue have been performed. nces 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet. Complete this question by entering your answers in the tabs below. Stmt of vork Saved SroCKnoiners Maiance sneer Required information RED FLASH PHOTOGRAPHY Balance Sheet December 31, 2021 Assets Liabilities Current assets Current liabilities: Total current assets 0 Total current liabilities Long-term assets: Stockholder's Equity Total stockholders' equity 0 Total liabilities and stockholders' equity Total assets Stmt of Stookholders Equity Balance Sheet of 10 Next > 7 a Search or type URL Saved tequired information Stmt of Stockholders Balance Sheet Income Statement Equity Prepare a classified balance sheet. RED FLASH PHOTOGRAPHY Balance Sheet December 31, 2021 Assets Liabilities Current liabilities: Current assets: 0 Total current liabilities Total current assets Long-term assets: Stockholder's Equity 0 Total stockholders' equity S 0 Total liabilities and stockholders' equity Total assets alenceh Stmt of Stockholders Equity Next of 10