Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1. The following information was compiled by Napolean's accountant on December 31: Sales Revenue $32.000 Equipment, net $28,000 Expenses 20,000 Building, net 59.000 Dividends 5.000 Accounts Payable 7,000 Cash 3.250 Notes Payable Accounts Receivable Inventory 2,750 Common Stock 4,500 Retained Earnings 50.500 33.000 Required You have been asked to assist the accountant for the Napolean Corporation in preparing year-end financial statements. Use the above information to prepare an income statement, statement of stockholders' equity, and a balance sheet as of December 31. Do not use negative signs with your answers unless otherwise noted. NAPOLEAN CORPORATION Income Statement For Year Ended December 31 Sales Revenue Net income NAPOLEAN CORPORATION Statement of Stockholders' Equity For Year Ended December 31 CommonStock Retained Earnings Total Balance, January 05 05 Net Income: 0 0 10 Muance of Common Stock 10 D Dividends pardiuse a negative sign with answers) Balance December 31 0 0 0 05 0% NAPOLEAN CORPORATION Balance Sheet December 31 ASSETS Accounts Receivable Building, net Equipment, net Total Assets LIABILITIES AND STOCKHOLDERS' EQUITY Accounts Payable Total Liabilities LIABILITIES STOCKHOLDERS' EQUITY $ 0 0 0 0 0 tA $ 0 $ 0 0 0 Total Stockholders' Equity Total Liabilities and Stockholders' Equity Please answer all parts of the question. 0 0 0 $ 0