How do i solve this?
Financial Statements The transactians and integrated financial statement framewark for Terry Masan for February 20Y4 appear belaw Terry Mason organized The Fifth Seasan at the beginning of February 20Y4. During February, The Fifth Season entered into the following transactions a. Terry Mason invested $26,375 in The Fifth Season in exchange for capital stock b. Paid $6,300 on February 1 for an insurance premium on a 1-year policy. c. Purchased supplies on account, $3,000 d. Received fees of $50,945 during February e. Paid expenses as follows: wages, $20,400; rent, s3,400; utilities, $1,700; and miscellaneous, $1,870. f. Paid dividends of $7,905. There was $1,950 of supplies on hand as of February 28. Balance Sheet Stockholders' Equity Statement of Cash Flows Assets Liabilities Retained Earnings Cash Supplies Prepaid Insurance Accounts Payable Common Stock + + + + a. Investment 26,375 26,375 b. Paid insurance -6,300 6,300 Balances 26,375 20,075 6,300 c. Purchased supplies 3,000 3,000 Balances 20,075 3,000 6,300 3,000 26,375 d. Fees eamed 50,945 50,945 50,945 Balances 71,020 3,000 6,300 3,000 26,375 e. Paid expenses 27,370 27,370 43,650 Balances 3,000 6,300 3,000 26,375 23,575 f. Paid dividends 7,905 7,905 Balances 35,745 3,000 6,300 3,000 26,375 15,670 a1, Insurance expense 525 -525 Balance Sheet Statement of Cash Flows Stockholders' Equity Assets Liabilities + Retained Earnings Cash Supplies Prepaid Insurance Accounts Payable + + Common Stock + a. Investment 26,375 26,375 6.300 b. Paid insurance -6,300 20,075 Balances 6,300 26,375 c. Purchased supplies 3,000 3,000 26,375 Balances 20,075 3,000 6,300 3,000 d. Fees earned 50,945 50,945 Balances 71,020 3,000 6,300 3,000 26,375 50,945 . Paid expenses -27,370 -27,370 6.300 Balances 43,650 3,000 3,000 26,375 23,575 Paid dividends -7,905 -7,905 Balances 35,745 3,000 6,300 3,000 26,375 15,670 a1, Insurance expense -525 -525 Balances 35,745 3,000 5,775 3,000 26,375 15,145 a2. Supplies expense 1,050 1,050 Balances, February 28 35,745 1,950 5,775 3,000 26,375 14,095 Statement of Cash Flows Income Statement d. Fees earned a. Financing $26,375 $50,945 b. Operating -6,300 e. Wages expense -20,400 d. Operating 50,945 . Rent expense -3,400 Statement of Cash Flows Income Statement a. Financing d. Fees earned $50,945 $26,375 b. Operating -6,300 e. Wages expense -20,400 d. Operating 50,945 e. Rent expense -3,400 e. Utilities expense e. Operating -27,370 -1,700 e. Miscellanepus expense f. Financing -7,905 -1,870 a1, Ins. exp. $35,745 Increase in cash -525 a2. Supplies exp. 1,050 $22,000 Net income Prepare an income statement for February. The Fifth Season Income Statement For the Month Ended February 28, 20Y4 Operating axpenses: Total expenses Prepare an income statement for February. The Fifth Season Income Statement For the Month Ended February 28, 20Y4 Operating expenses Total expenses Prepare a retained earnings statement for February. If an amount box does not require an entry, leave it blank or enter zero "0" The Fifth Season Statement of Stockholders' Equity For the Month Ended February 28, 20Y4 Common Stock Retained Earnings Total Balance, February 1 Balance, February 28. Prepare a balance sheet for February. The Fifth Season Balance Sheet February 28, 20Y4 Assets Total assets Labiltes Stockhalders Equity Total stockholders equity Total labilities and stockholders equity Prepare a statement of cash flows for February. If your answer is zero enter "0. Enter net cash outflows as negative amounts. The Fifth Season Statement of Cash Flows For the Month Ended February 28, 20Y4 Cash flows from operating activities: Cash flows from finanding actvities
