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i just need the total expenses, service revenue and net income Problem 2-35 Effect of events on financial statements LO 2-8 Waddell Company had the

i just need the total expenses, service revenue and net income image text in transcribed
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Problem 2-35 Effect of events on financial statements LO 2-8 Waddell Company had the following balances in its accounting records as of December 31, 2018: Liabilities and Equity Accounts Payable Common Stock Assets $ 51, e00 41,e00 28, 000 Cash $ 21,000 84, 000 15,000 Accounts Receivable Land Retained Earnings Totals $120, e00 $120, e00 The following accounting events apply to Waddell Company's 2019 fiscal year: ces 1 Acquired $5e, eee cash from the issue of common stock. Paid $5,10e cash in advance for a one-year lease for office space. 1 Paid a $1,9e0 cash dividend to the stockholders. Purchased additional land that cost $28, e00 cash. Made a cash payment on accounts payable of $11,0ee. Received $8,600 cash in advance as a retainer for services to be performed monthly over the coming year. Sold land for $19,0e0 cash that had originally cost $19,00e. Purchased $990 of supplies on account. Jan. Feb. Mar. April May July Sept. Oct. Earned $62,eee of service revenue on account during the year. Dec. 31 Received cash collections from accounts receivable amounting to $65,000. 31 Incurred other operating expenses on account during the year that amounted to $11,000. 31 Recognized accrued salaries expense of $5,100. 31 31 Had $160 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of $38,eee. 31 Recognized $116 of accrued interest revenue. Accounting Equation Req A Req B to M Refer the income statement, cash flow Statement, balance sheet and answer question B ces b. Land $ 37,000 $ 57,500 $ 4,675 $ 31,390 830 $ 4,300 $ (9,000) c. Net cash flow from operating activities d. Rent expense e. Total liabilities f. Supplies expense g. Unearned revenue h. Net cash flow from investing activities i. Total expenses i. Service revenue k. Cash flows from financing activities $ 48,100 Net income 1. m. Retained earnings $ 57,911

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