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kindly help me out I have 30 mins fx This problem will require students to download an exce A B D E F G H
kindly help me out I have 30 mins
fx This problem will require students to download an exce A B D E F G H 1 K L M N 28 29 Retained earnings at 11/2021 Sales revenue Unearned (deferred) revenue Ware expense 1.856 32.860 4,860 1.038 30 31 32 36 Additional information: 1) Common stock at par consists of 500,000 shares issued and outstanding throughout the year, with $0.01 par value per share; no new shares were issued during 2021 fiscal year. 2) The company intends to sell all of its marketable securities by March 31, 2022 3) of the total balance of Notes Payable, $10,000 is due on May 31, 2022 and the remainer due on May 31, 2023. 4) Prepaid subscription expense reflects a advance payment made on December 31, 2021, for a two-year subscription to several magazines beginning January 1, 2022. 5) The entire balance of unearned (deferred) revenue is expected to be earned by March 31, 2022. 39 40 44 45 46 47 Required: 1. Using these final balances, prepare, in a good form, a multi-step income statement for the vear ended December 31, 2021 for Martino Corporation, Inc. Prepare your income statement in the blue 2. Using these final balances, prepare, in a good form, a statement of stockholders equity for the vear ended December 31, 2021 for Martino Corporation Prepare your statement in the pink highligh 3. Using these final balances, prepare, in a good form a classified balance sheet for December 31, 2021 for Martino Corporation. Prepare your balance sheet in the green highlighted designated spac 48 fx This problem will require H O B D E F G in excel file from LATTE, complete it, and then upload it back to LATTE. s problem will require students to do Presented below are the 12/31/2021 adjusted account balances from Martino Corp. It is in the process of preparing its fina 2 3 4 5 6 7 8 Requirement #1 answer area: 9 10 11 12 13 14 15 16 17 18 19 20 21 Balance $1.257 8.801 2.655 7.639 150 125 3.076 5,000 10.000 2.500 1012 988 Name of account Accounts pavable Accounts receivable Accumulated depreciation Additional paid in capital Allowance for doubtful accounts Bad debt expense Cash and cash equivalents Common stock at par Cost of goods sold Depreciation expense Dividend declared Income tax expense Income tax pavable Interest expense Inventor Loss on sale of equipment Marketable securities (investments)? Notes payable Prepaid subscription expense" Property, plant and equipment Rent Expense Research and development expense Retained earnings at 1/1/2021 Sales revenue Unearned (deferred) revenue Wageexpense 22 23 1126 225 1.435 180 7,495 13.750 488 27.675 2,015 4100 1.856 32.860 4,860 1.038 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 Additional information: 1) Common stock at par consists of 500,000 shares issued and outstanding throughout the year, with $0.01 par value per share; no new sh 2) The company intends to sell all of its marketable securities by March 31, 2022 3) of the total balance of Notes Payable, $10,000 is due on May 31, 2022 and the remainer due on May 31, 2023. 4) Prepaid subscription expense reflects an advance payment made on December 31, 2021, for a two-year subscription to several magazine 5) The entire balance of unearned (deferred) revenue is expected to be earned by March 31, 2022. Required: 1. Using these final balances, prepare, in a good form, a multi-step income statement for the year ended December 31, 2021 for 2. Using these final balances, prepare, in a good form, a statement of stockholders equity for the vear ended December 31, 2021 3. Using these final balances, prepare, in a good form, a classified balance sheet for December 31, 2021 for Martino CorporationStep by Step Solution
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