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Blackboard X Remaining Time: 1 hour, 56 minutes, 06 seconds. Question Completion Status Question 12 The following financial statement information for Peal Company as for the year 2021: Required: Fill the missing amounts. (Hint: There are 6 missing amounts), Note: Write only the final amount. Do not show your calculation. Peal Company Income Statement For the year ended 2021 Not Sales $20,000 -1. Cost of goods sold Gross profit 10,500 Operating expenses -2- Selling expenses General and administrative expense 5 Total operating expenses Income from operations Other expenses Interest expense Net income 2.800 7.300 3,200 1,200 $2.000 Peal Company Statement of Owner's equity For 2021 $4,000 6,000 2,000 Capital Beginning balance Add Investment Not income Less: Drawings Capital, Ending balance Assets Cash 8,000 $35,000 Peal Company Balance Sheet As of Dec 31, 2021 Liabilities and Equity -6- Notes Payable ng Time 1 hour. 35 minutes, 58 seconds. Completion Status rating enses ing ses ral and istrative ponse 2 = om F estion will save this response. 2.800 2,000 8,000 Net income Less Drawings 2.300 Capital, Ending balance 3,200 1,200 Assets Cash $35,000 $2.000 Prepaid rent 10,000 Office Furniture 10,000 Computer 5,000 Equipment Total Assets $60.000 hp Peal Company Balance Sheet As of Dec 31, 2021 Liabilities and Equity Notes Payable -6- Owner's equity Owner's capital -5- Total Liabilities 4- & Equity