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: Fir Sales Revenue $27,000 Equipment, net $20,250 Expenses Dividends Cash Accounts Receivable3,375 Common Stock 27,000 Inventory 6,200 Building, net 4,050 Accounts Payable 5,400 2.025 Notes Payable 44,550 4,000 4,050 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 NAPOLEAN CORPORATION Income Statement For Year Ended December 31, 2016 Sales Revenue Net income NAPOLEAN CORPORATION Statement of Stockholders Equity For Year Ended December 31, 2016 Common Stock Retained Earnings Total Balance, January 1, 2016 Add: Net Incom or 2016 Add: Issuance of Common Stock Less: Dividends paid (enter as a negative Balance, December 31, 2016 E Menu ance Shee December 31, 2016 ASSETS Accounts Receivable Building Equipment Total Assets LIABILITIES AND STOCKHOLDERS EQUITY LIABILITIES Accounts Payable Total Liabilities STOCKHOLDERS EQUITY Total Stockholders Equity Total Liabilities and Stockholders Equity