My Apps Recommended Add-ins Pivot Table Recommended Table Pictures Online Pictures a Screenshot Charts PivotTables Tables llustrations 144 1 Income Statement, Statement of Stockholders' Equity, and Balance Sheet: 2 Napolean Corporation started business on January 1, 2016. The following information was compiled by Napolean's accountant 3 on December 31, 2016: 5 Sales revenue 6 Expenses 7 Dividends 8 Cash 9 Accounts receivable 10 Inventory 11 Equipment, net 12 13 Required 14 You have been asked to assist the accountant for the Napolean Corporation in preparing year-end 15 financial statements. Use the above information to prepare an income statement, statement of 16 stockholders equity, and a balance sheet as of December 31, 2016. 32,000 20,000 5,000 3,250 2,750 4,500 28,000 Building, net Accounts payable Notes payable Common stock Retained earnings 59,000 7,000 50,500 33,000 NAPOLEAN CORPORATION Income Statement For Year Ended December 31, 2016 Sales revenue 32,000 24 Expenses 20 Net income $12,000 Part Part2 BUS2043Project.a HOME | INSERT PAGE LAYOUT FORMULAS DATA REVEW ViEW shapes" SmartArt 'Store PivotTable Recommended Table Pictures Online Piv ChartsPh Charts Pivot Tables Tables Pictures a ScreotMy Apps Recommended Illustrations 19 20 21 NAPOLEAN CORPORATION Income Statement For Year Ended December 31, 2016 23 Sales revenue 24 Expenses 25 Net income 26 28 29 30 31 NAPOLEAN CORPORATION Statement of Stockholders' Equity For Year Ended December 31, 2016 Common Stock Retained Earnings Tota 33 Balance January 1, 2016 4 Net income 35 Common Stock 36 Dividends 37 Balance, December 31, 2016 NAPOLEAN CORPORATION Balance Sheet December 31, 2016 Assets 14 Cash $3.250 Part Part2 Table Recommended Table Pictures Online Pictures a Screenshot My Apps Recommended Charts- PivotTables Charts Illustrations Add-ins Tables Balance, December 31, 2016 NAPOLEAN CORPORATION Balance Sheet December 31, 2016 3 Assets Cash 2,750 4,500 59,000 28,000 5 Accounts receivable 6 Inventory 7 Building 48 Equipment 49 Total assets 50 51 Liabilities and Stockholders' Equity 52 Liabilities 53 Accounts payable 54 Notes payable 55 Total liabilities 50,500 56 Stockholders Equity 57 Common stock 58 Retained earnings Total stockholders equity Total liabilities and stockholders' equity $40,000 $97 Part Part2