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please answer quickly The following financial statement information for Peal Company as for the year 201 Required: Fill the missing amounts. Hint There are masing
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The following financial statement information for Peal Company as for the year 201 Required: Fill the missing amounts. Hint There are masing amounts Note: Write only the final amount. Do not show your calculation. Peal Company Income Statement For the year ended 2021 Net Sales $12,000 -1. Cost of goods sold Gross profit 6,500 -2. Operating expenses Selling expenses General and administrative expense S Total operating expenses Income from 1.800 haver 4.000 Peal Company Statement of Owner's equity For 2021 $3,000 Capital, Beginning balance Add: Investment 10.000 Net income 2,000 Less Drawings Capital, Ending balance 5,000 maning Time 51 minute 01 d Question Com administrative expense Total operating expenses Income from operations Other expenses interest expense Net income Assets Cash Prepaid rent Office Furniture Computer Equipment Total Assote $35,000 10,000 10,000 5,000 $60.000 1.800 Peal Company Balance Sheet As of Dec 31, 2021 Liabilities and Equity Notes Payable Owner's equity Owner's capital -5. Total Liabilities 4 4.000 2.500 500 $2.000 Drawings Capital, Ending balance 5,000 interest expense Net income Peal Company Balance Sheet As of Dec 31, 2021 Liabilities and Equity Notes Payable -6 Owner's equity Owner's capital 5. Total Liabilities & Equity Assets Cash Prepaid rent Office Furniture Computer 5,000 Equipment Total Assets $60.000 Click Submit to complete this assessment. $35,000 10,000 10,000 4 500 $2.000 Step by Step Solution
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