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PART III (36 points): Preparing Financial Statements Use the following information to answer questions about Ballinger Industries' financial statements for the year ended December

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PART III (36 points): Preparing Financial Statements Use the following information to answer questions about Ballinger Industries' financial statements for the year ended December 31, 2021. The company was started in 2015. Retained Earnings, 1/1/21 Cash 1000 600 Taxes Payable Notes Payable Common Stock 500 Accounts Receivable 1800 900 2500 Sales Revenue 4500 Salaries Expense 2500 Equipment 4000 Accounts Payable 500 Dividends 750 Utilities Expense 250

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