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Income Statement Revenues Expenses: Salaries $400,000 #33 Beginning Issuance #35 Statement of Stockholders' Equity Common stock $350,000 Retained earnings $400,000 Administrative 300,000 Net income

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Income Statement Revenues Expenses: Salaries $400,000 #33 Beginning Issuance #35 Statement of Stockholders' Equity Common stock $350,000 Retained earnings $400,000 Administrative 300,000 Net income Utilities 35,000 Total expenses Net income 735,000 #34 Dividends Ending $400,000 65,000 #36 $450,000 Balance Sheet Assets Liabilities Cash $40,000 Accounts payable $30,000 A/R 129,000 Notes payable 250,000 Supplies #37 Total liabilities $280,000 Prepaid rent 10,000 Stockholders' Equity Equipment 150,000 Common stock Building 800,000 Retained earnings Total stockholders' equity ? ? #39 #40 Total assets #38 Total Land SE 33. $ Revenue: 37. $ Supplies: 34. $ Net Income: 38. $ Total Assets: 35. $ Issuance: 39. $ Stockholders' Equity: 36. $ Dividends: 40. $ Total L & SE:

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