Income Statement, Statement of stockholders equity, and Balance Sheet

Viva Travel Service reported assets, liabilities, revenues and expenses for September 30, 20Y6 below. As of October 1, 20Y5, the beginning of the current year, Viva Travel Service reported retained earnings as $37,600, and common stock as $7,500. During the current year, dividends in the amount of $17,700 were paid.

Line Item Description	Amount
Accounts payable	$13,240
Accounts receivable	85,871
Common stock	15,000
Cash	143,059
Fees earned	494,700
Miscellaneous expense	3,950
Rent expense	65,800
Supplies	6,160
Supplies expense	10,530
Utilities expense	39,480
Wages expense	187,990

Instructions:

Question Content Area

1. Prepare an income statement for the current year ended September 30, 20Y6.

Line Item Description	Amount	Amount
Accounts receivableCashCommon stockFees earnedWages expense		$- Select -
Operating expenses:
Accounts payableDividendsFees earnedSuppliesWages expense	$- Select -
Accounts payableAccounts receivableCommon stockFees earnedRent expense	- Select -
Accounts payableCashFees earnedSuppliesUtilities expense	- Select -
Accounts receivableDividendsFees earnedSupplies expenseSupplies	- Select -
Accounts payableAccounts receivableCashCommon stockMiscellaneous expense	- Select -
Total operating expenses		Total operating expenses
Net incomeNet loss		$- Select -

Question Content Area

2. Prepare a statement of stockholders' equity for the current year ended September 30, 20Y6. If an amount is zero, enter "0". Enter negative value for dividends.

Line Item Description	Common Stock	Retained Earnings	Total
Balances, Oct. 1, 20Y5	$Balances, Oct. 1, 20Y5	$Balances, Oct. 1, 20Y5	Balances, Oct. 1, 20Y5
CashDecrease in cashIncrease in cashIssuance of common stockNet loss	- Select -	- Select -	- Select -
Accounts payableAccounts receivableCashNet incomeNet loss	- Select -	- Select -	- Select -
Accounts payableAccounts receivableCashDividendsNet loss	- Select -	- Select -	- Select -
Balances, Sept. 30, 20Y6	$Balances, Sept. 30, 20Y6	$Balances, Sept. 30, 20Y6	$Balances, Sept. 30, 20Y6

Question Content Area

3. Prepare a balance sheet as of September 30, 20Y6. When entering assets, enter them in order of liquidity.

Line Item Description	Amount	Amount
Assets
Accounts payableCommon stockCashRetained earningsWages expense		$- Select -
Accounts payableAccounts receivableCommon stockRent expenseRetained earnings		- Select -
Accounts payableCommon stockRetained earningsSuppliesSupplies expense		- Select -
Total assets		$Total assets
Liabilities
Accounts payableAccounts receivableCommon stockRetained earningsUtilities expense		$- Select -
Stockholders' Equity
Accounts payableAccounts receivableCommon stockCashTaxes expense	$- Select -
Accounts payableAccounts receivableCashMiscellaneous expenseRetained earnings	- Select -
Total stockholders' equity		Total stockholders' equity
Total liabilities and stockholders' equity		$Total liabilities and stockholders' equity