On January 1, 2021, the Nick Foles Philly Special Company (the NFPS Company) had the following balances in its accounts: Cash, $15,000; Supplies, $8,300; Land, $63,000; Deferred Revenue, $5,300; Common Stock $53,000; and Retained Earnings, $28,000. During 2021, the company had the following transactions:

1.		February		15		Issue additional shares of common stock, $23,000.
2.		May		20		Provide services to customers for cash, $38,000, and on account, $33,000.
3.		August		31		Pay salaries to employees for work in Year 1, $26,000.
4.		October		1		Purchase rental space for one year, $15,000.
5.		November		17		Purchase supplies on account, $25,000.
6.		December		30		Pay dividends, $2,300.

The following information is available on December 31, 2021:

1. Employees are owed an additional $4,300 in salaries.
2. Three months of the rental space has expired.
3. Supplies of $5,300 remain on hand.
4. All of the services associated with the beginning deferred revenue have been performed.

On January 1, 2021, the Nick Foles Philly Special Company (the NFPS Company) had the following balances in its accounts: Cash, $15,000; Supplies, $8,300; Land, $63,000; Deferred Revenue $5,300; Common Stock $53,000; and Retained Earnings. $28,000. During 2021, the company had the following transactions: 1. February 15 Issue additional shares of common stock, $23,000. 2. May 20 Provide services to customers for cash, $38,000, and on account, $33,000. 3. August 31 Pay salaries to employees for work in Year 1, $26,000. 4. October 1 Purchase rental space for one year, $15,000. 5. November 17 Purchase supplies on account, $25,000. 6. December 30 Pay dividends, $2,300. The following information is available on December 31, 2021 1. Employees are owed an additional $4,300 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,300 remain on hand. 4. All of the services associated with the beginning deferred revenue have been performed. 4. Prepare an income statement, statement of stockholders' equity, and classified balance sheet, Complete this question by entering your answers in the tabs below. Stmt of Income Stockholders Balance Sheet Statement Equity Prepare an Income statement Income Statement For the Year Ended December 31, Year 1 Expenses Total Expenses 3. August On January 1, 2021, the Nick Foles Philly Special Company (the NFPS Company had the following balances in its accounts: Cash, $15,000, Supplies, $8,300; Land, $63,000, Deferred Revenue. $5,300, Common Stock $53,000; and Retained Earnings, $28,000. During 2021, the company had the following transactions 1. February 15 Innue additional shares of common stock, $23,000. 2. May 20 provide services to customers for cash, $5,000, and on account, s,000. 31 Pay salaries to employees for work in Year 1, $26.000. 4. October I Purchase rental space for one year, $15,000. 5. November 17 Purchase supplies on account, $25,000. 6. December 30 Pay dividends, $2,300. The following information is available on December 31, 2021 1. Employees are owed an additional $4,300 in salaries. 2. Three months of the rental space has expired. 3. Supplies of $5,300 remain on hand, 4. All of the services associated with the beginning deferred revenue have been performed. 4. Prepare an Income statement, statement of stockholders' equity, and classified balance sheet. Complete this question by entering your answers in the tabs below. Income Strt of Statement Stockholders Balance Sheet Equity Prepare a classified balance sheet. Balance Sheet December 31, Year 1 Liabilities Assets Current assets Cash Accounts Receivable Supplies Prepaid Rent Current liabilities $ 32,700 Accounts Payable 33,000 Salaries Payable 5,300 11,250 $ 25.000 4.300 B2.250 Total current liabilities 29 300 Total current assets Long-term assets Land 63.000 Stockholder's Equity Common Stock Retained Earings 75.000 39.950 Total assets Total stockholders equity $ 145,250 Total abilities and stockholders' equity 115.950 $ 145.250