part 2 asap pls.

2-1 Purchase Inventory for $16,000 cash 2-2 Service & Sales Revenue Service Revenue $23,100 Sales Rev $26,400; COGS $13,200 2-3 Expenses Total Operating Exp. $25,000 Depreciation Exp. = equip. cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 2-4 Dividend Payment Common Stock x 5% Income Statement 0 0 ervice Revenue ales Revenue Total Revenue Cost of Goods Sold Operating Expenses Depreciation Expense Interest Expense Total Expense Net Income 0 0 0 0 Statement of Stockholders Equity 0 0 Beginning Common Stock Plus: Common Stock Issued Ending Common Stock Beginning Retained Earnings + Net Income -Dividends Ending Retained Earnings Totol Stockholders Equity 0 0 0 Olo Balance Sheet 0 0 Assets Cash Inventory Equipment Accumulated Depreciation Total Assets Liabilities Notes Payable Total Liabilities Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity 3 Total Liabilities & SE 0 0 0 0 Statement of Cash Flows 0 1 Net Cashflow from Operating 2 Net Cashflow from Investing 3 Net Cashflow from Financing 0 Year 2 0 0 0 o O 0 0 D 2-1 22 2-2 2-2 23 23 2-3 2-4 Closing Total 0 0 0 0 0 0 0 2-1 Purchase Inventory for $16,000 cash 2-2 Service & Sales Revenue Service Revenue $23,100 Sales Rev $26,400; COGS $13,200 2-3 Expenses Total Operating Exp. $25,000 Depreciation Exp. = equip. cost x 1/5 Interest Expense = Note Pay. yr. end balance x 8% 2-4 Dividend Payment Common Stock x 5% Income Statement 0 0 ervice Revenue ales Revenue Total Revenue Cost of Goods Sold Operating Expenses Depreciation Expense Interest Expense Total Expense Net Income 0 0 0 0 Statement of Stockholders Equity 0 0 Beginning Common Stock Plus: Common Stock Issued Ending Common Stock Beginning Retained Earnings + Net Income -Dividends Ending Retained Earnings Totol Stockholders Equity 0 0 0 Olo Balance Sheet 0 0 Assets Cash Inventory Equipment Accumulated Depreciation Total Assets Liabilities Notes Payable Total Liabilities Stockholders Equity Common Stock Retained Earnings Total Stockholders Equity 3 Total Liabilities & SE 0 0 0 0 Statement of Cash Flows 0 1 Net Cashflow from Operating 2 Net Cashflow from Investing 3 Net Cashflow from Financing 0 Year 2 0 0 0 o O 0 0 D 2-1 22 2-2 2-2 23 23 2-3 2-4 Closing Total 0 0 0 0 0 0 0