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Please provide calculations and breakdown of contributing elements to all fields as required The following accounts and balances were drawn from the records of Barker
Please provide calculations and breakdown of contributing elements to all fields as required
The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued 840 Beginning retained earnings (7,800) Cash flow from financing act. 2,600 Rent expense 85,000 Dividends 42,000 Cash 240 Accounts receivable 1,100 Prepaid rent 900 Unearned revenue 7,300 Land 5,500 Accounts payable $ 19,000 (5,400) 2,500 4,500 10,900 19,000 4,900 7,800 36,000 6,380 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Complete this question by entering your answers in the tabs below. Income Statement SE Balance Sheet Stmt of Cash Flows Use the accounts and balances from Barker Company to construct an income statement. BARKER COMPANY Income Statement For the Year Ended December 31, 2018 Revenue Total revenue Expenses Total expensesStep by Step Solution
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