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Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2013. The following information was compiled by Napolean's accountant

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Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2013. The following information was compiled by Napolean's accountant on December 31, 2013: Sales revenue 30,000 Building, net 60,000 Expenses18,000 Accounts payable 6,000 Dividends4,500 Notes payable49,500 Cash 2,250 Common stock 30,000 Accounts receivable 3,750 Retained earnings? Inventory 4,500 Equipment, net 22,500 Required 2. 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, 2013. i. Comment on the decision to pay a $4,500 dividend

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