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Name: 2. The accounts and their amounts for Belgrave Co. at December 31, 20 are listed below. Prepare the Income statement and Statement of

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Name: 2. The accounts and their amounts for Belgrave Co. at December 31, 20 are listed below. Prepare the Income statement and Statement of Retained Earnings for the company. (25 pts) Cash $5,300 Accounts Receivable 5,850 Supplies 360 Prepaid Insurance 700 Machinery 2,600 Accumulated Depr Mach 1.650 Salary Payable 400 Capital Stock 5,200 Retained Earnings 1.940 Dividends 500 Revenue 13.250 Insurance Expense 120 Salary Expense 6,210 Depreciation Expense Totals Miscellaneous Expense $22440 $22 440 340 460

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