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Please help with part A. Kauai Cookie Company, Inc.'s fiscal year ends on December 31. Using the December 31, 2019 Adjusted Trial Balance (accounts listed

image text in transcribed Please help with part A.
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Kauai Cookie Company, Inc.'s fiscal year ends on December 31. Using the December 31, 2019 Adjusted Trial Balance (accounts listed in alphabetical order), prepare in good form, the 2019 fiscal year financial statements: (3) Detailed, Multistep Income Statement (include earnings per share: there were 50,000 shares of common stock outstanding throughout the year): Check figure: Net Income $267800. (a) (b) Retained Earnings Statement: Check figure: Retained Earnings, December 31, 2019 $781,730. (c) Classified Balance Sheet: Check figure: Total Assets $2,342,600. Poge 129 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) KAUAI CoOKIE COMPANY, INC. INCOME STATEMENT Complete the date line Poge 130 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) INCOME STATEMENT (CONTINUED INFORMATION FOR REQUIREMENT (3 After the transactions from requirements (1) and (2), as well as other transactions for the year were p to the accounts, accounts are listed in alphabetical order) is as follows osted Kauai Cookie Company, Inc.'s December 31,2019 fiscal year-end adjusted trial balance KAUAI COOKIE COMPANY, INC ADJUSTED TRIAL BALANCE DECEMBER 31, 2019 ACCOUNT TITLES DEBIT | CREDIT Accounts Payable Accounts Receivable Accumulated Depreciation - Building Accumulated Depreciation-Equipment Advertising Expense Allowance for Doubtful Accounts Bad Debt Expense Bonds Payable (due in 20 years) Building Cash Common Stock (50,000 shares outstanding) $195,870 $157,500 112,680 44,260 128,200 7,500 6,950 375,000 570,520 104,250 512,500 Page 126 COMPREHENSIVE PROBLEM 2 (CHAPTERS 2, 5-8) DEBIT CREDIT ACCOUNT TITLES 2,470,600 30,900 62,500 281,320 10,860 186,000 Cost of Goods Sold Depreciation Expense Dividends (Declared) Equipment Freight-Out Expense Fund Held to Pay Long-Term Debt Gain on Sale of Equipment 18,500 270,500 81,060 Goodwill Income Tax Expense Income Taxes Payable 52,820 Insurance Expense 67,300 Interest Expense 68,940 26,250 27,300 Interest Payable Interest Revenue Inventory 330,780 324,000 Land Mortgage Payable ($13,500 due within one year) 270,000 90,000 Notes Payable (due in 9 months) Notes Receivable (due in 2 years) 112,000 21,140 Prepaid Insurance Retained Earnings (January 1, 2019) Solaries & Wages Expense Salaries & Wages Payable Sales Discounts Sales Returns Sales Revenue Short-Term Investments Supplies Supplies Expense 576,430 543,140 33,900 19,130 57,370 3,852,980 80,030 6,300 99,070 62,700 Trademarks Unearned Revenue Utilities Expense 4,530 47.460 Totals $ 6,200,520

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