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Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's
Income Statement, Statement of Stockholders' Equity, and Balance Sheet Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's accountant on December 31, 2016: Sales Revenue $32,000 Equipment, net $28,000 Expenses Dividends Cash 20.000 Bulding, net 59,000 5,000 Accounts Payable 7,000 3,250 Notes Payable Accounts Receivable) 2,750 Common Stock Inventory 50,500 33,000 4500 Retained Earnings 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, 2016 Do not use negative signs with your answers unless otherwise noted. NAPOLEAN CORPORATION Income Statement For Year Ended December 31, 2016 Sales Revenue Net income
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