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Please help Asap!! Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first
Please help Asap!! Following is a list of financial statement items and amounts for Vantage Service as of 12/31/Year 1, the end of its first year in operation Accounts Receivable Accounts Payable Cash Common Stock Notes Payable Equipment Sales Revenue Fuel Expense Rent Expense Advertising Expense Salaries and Wages Expense Retained Earnings Dividends $ 41,500 31,500 10, 150 21,500 10,300 50, 750 107,500 10, 150 11,400 5,150 21,500 ? 20, 200 Required: 1. Prepare the income Statement for the year ended December 31, Year 1, 2. Prepare the statement of retained earnings for the year ended December 31, Year 1. 3. Prepare the balance sheet for the year ended December 31, Year 1
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