Income Statement, Statement of Stockholders Equity, and Balance Sheet Napolean Corporation started business on January 1. The following information was compiled by Napoleans accountant on December 31: Sales Revenue $6,000 Equipment, net $4,500 Expenses 3,600 Building, net 12,000 Dividends 900 Accounts Payable 1,200 Cash 450 Notes Payable 9,900 Accounts Receivable 750 Common Stock 6,000 Inventory 900 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. Do not use negative signs with your answers unless otherwise noted. NAPOLEAN CORPORATION Income Statement For Year Ended December 31 Sales Revenue Answer 15,000 Answer Expenses Answer 9,000 Net income Answer 6,000 NAPOLEAN CORPORATION Statement of Stockholders' Equity For Year Ended December 31 CommonStock RetainedEarnings Total Balance, January 1 Answer 0 Answer 0 Answer 0 Net Income Answer 0 Answer 0 Answer 0 Issuance of Common Stock Answer 0 Answer 0 Answer 0 Dividends paid(use a negative sign with answers) Answer 0 Answer 0 Answer 0 Balance, December 31 Answer 0 Answer 0 Answer 0 NAPOLEAN CORPORATION Balance Sheet December 31 ASSETS Answer Answer 0 Accounts Receivable Answer 0 Answer Answer 0 Building, net Answer 0 Equipment, net Answer 0 Total Assets Answer 0 LIABILITIES AND STOCKHOLDERS' EQUITY LIABILITIES Accounts Payable Answer 0 Answer Answer 0 Total Liabilities Answer 0 STOCKHOLDERS' EQUITY Answer Answer 0 Answer Answer 0 Total Stockholders' Equity Answer 0 Total Liabilities and Stockholders' Equity Answer 0