Inting, $-$ Project $2$

Part $2$ Instructions:

The balances listed below are for $D$ coen

prepared except for the stoce for December $31$ and already include the joumal enties you just accounts are the Jane stockholders' equity accounts. The balances listed for the stockholders' equity complete the Statement $1$ balances. You will need to utilize the joumal entries you just prepared to of Stockholders' Equity.

sheet $\text{'}$ a multistep income statement, a statement of stockholders' equity, and a classifed balance $.$

Use the Student Input Form $($Excel File$)$ to complete the Financial Statements

$\backslash$table$[[,$Debit,Credit$],[$Cash$,240,000,],[$Accounts receivable,$159,000,],[$Allowance for doubtful accounts,,$8,000],[$Equity Investments at cost$,40,000,],[$Valuation allowance for Equity Investments,,$4,000],[\backslash$table$[[$Merchandise inventory at lower of cost $($FIFO$)$ or market$]],16,000,],[,2,400,],[$Interest receivable,$1,600,],[\backslash$table$[[$Interest recelvadie$],[$Investment in Masco Company stock$]],12,000,],[$Investment$,244,000,],[$Accumulated depreciation$-$store buildings and equipment,,$120,000],[\backslash$table$[[$Accumulated deprecia$],[$Accounts payable$]],,68,920],[\backslash$table$[[$Accounts payable$],[$Income tax payable$]],,2,000],[\backslash$table$[[$Income tax payable$],[$Bonds payable, $10\%,$ due in $10$ years$]],,80,000],[\backslash$table$[[$Bonds payable, $10\%,$duable