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Part 3 - Problems 1. The account balances for Dave's Golf Shop as of December 31, 2019 were as follows: Accounts Payable Accounts Receivable Cash

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Part 3 - Problems 1. The account balances for Dave's Golf Shop as of December 31, 2019 were as follows: Accounts Payable Accounts Receivable Cash Common Stock Dividends Equipment Insurance Expense Interest Expense Note Payable (Due 6/30/21) Rent Expense Retained Earnings 1/1/2019 Revenue Salary Expense Salary Payable Supplies Supplies Expense Utilities Expense 4,800 12,600 27,800 19,200 8,200 1,200 11,000 8,000 6,500 15,400 0 53,000 2,500 14,200 5,000 4,000 2,000 equired: (a)Prepare an Income Statement, Statement of etained Earnings and Balance Sheet for Dave's Golf Shop good form (b) What is the Working Capital? (20 Points)

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