P2-3 Financial statements The following amounts were taken from the accounting recor a records of Padget Home Services Inc., as of December 31, 20Y7. Padget Home Services began its operations on January 1 2017. P2-5 The shox - income, pro Cash Common stock Dividends Fees earned Interest expense Land Miscellaneous expense Notes payable Rent expense Salaries expense Taxes expense Utilities expense $ 60,000 75,000 15,000 620.000 4,800 215,000 10,200 80,000 70,000 272,000 43,000 85,000 Instructions 1. Prepare an income statement for the year ending December 31, 2017. 2. Prepare a statement of stockholders' equity for the year ending December 31, 2087. 3. Prepare a balance sheet as of December 31, 2017. 4. Prepare a statement of cash flows for the year ending December 31, 2017