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Need the Income Statement, The Statement of Owners Equity, and the Balance Sheet, explained ! Required information [The following information applies to the questions displayed

Need the Income Statement, The Statement of Owners Equity, and the Balance Sheet, explainedimage text in transcribed

! Required information [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts and normal balances at its December 31 year-end. $ 15,000 Notes payable Prepaid insurance 4,000 1,300 $ 11,000 Accumulated depreciation-Buildings 2,500 Accounts receivable 500 Utilities expense 1,500 Interest payable 400 Unearned revenue 10,000 Supplies expense Interest expense Accounts payable Wages payable Cash 100 spo 200 7,500 Buildings 40,000 1,800 Stark, Withdrawals Wages expense Insurance expense Stark, Capital Services revenue 3,000 2,000 24,800 Depreciation expense-Buildings 20,000 Supplies 800 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31 and (3) balance sheet at December 31. The Stark, Capital account balance was $24,800 on December 31 of the prior year, and there were no owner investments in the current year. | Complete this question by entering your answers in the tabs below. Statement of Income Statement Balance Sheet Owners Equity Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses

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