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pped Book Print rences Problem 1-5B (Algo) Prepare financial statements (LO1-3) Guwara Corporation provides the following information at the end of 2024. Salaries payable
pped Book Print rences Problem 1-5B (Algo) Prepare financial statements (LO1-3) Guwara Corporation provides the following information at the end of 2024. Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utilities expense for the year Note payable to the bank $1,300 8,400 60,000 2,600 32,000 4,000 15,000 Service revenue performed during the year 59,400 Salary expense for the year Accounts payable to suppliers 24,700 5,700 Dividends paid to shareholders during the year Common stock that has been issued, including $4,000 that was issued this year Cash remaining (2) 23,000 3,200 Interest expense for the year 1,100 Accounts receivable from customers 11,200 Retained earnings at the beginning of the year 19,800 Required: 1. Prepare the income statement for the year ended December 31, 2024. 2. Prepare the statement of stockholders' equity for the year ended December 31, 2024. 3. Prepare the balance sheet for the year ended December 31, 2024. Complete this question by entering your answers in the tabs below.
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