O Debit Inventory $500; credit Cost of Goods Sold $500 QUESTION 51 Riley Incorporated reports the following amounts at the end of the year 10,700.00 Service Revenue 100,000.00 Cash Salaries Expense Buildings Accounts Payable 80,000.00 72,800.00 52,000.00 6,400.00 8,500.00 Equipment Interest Expense 4,000.00 Supplies Notes payable Advertising Expense 40,000.00 11,300.00 In addition, the company had common stock of $65000 at the beginning of the year and issued an additional $5000 during the year. The company also had retained earnings of $20700 at the beginning of the year and paid dividends of $2000 during the year. Please prepare income statement, statement of stoc kholders' equity and classified bance shee provide the following amounts Net income Ending balance of common stock Ending balance of retained earnings Ending total stockholders' equity Total assets 65000 20700 Total current assets Total liabilities Total liabilities and stockholders' equity Click Save and Submit to save and submit. Click Save All Answers to save all answers