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Prat Cocporation started the Year 2 accounting petiod with $29,000 of assets (all cash) $11,500 of liabilities, and $14,000 of common stock. During the yeat,

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Prat Cocporation started the Year 2 accounting petiod with $29,000 of assets (all cash) $11,500 of liabilities, and $14,000 of common stock. During the yeat, the Retained Earnings account increased by $15,550. The bookkeeper reported that Prat paid cash experises of $30,500 and paid a $2,900 cash divinend to the stockholders, but she could not find a record of the amount of cash that Prat teceived for perforating services. Prat also paid $4,000 cash to reduce the liability owed to the bank, and the business acquired 56,300 of additional cash from the issue of common stock Required: a-1. Prepare an income statement for the Year 2 accounting period a-2. Prepare a statement of changes in stockholders' equaty for the Year 2 accounting period a-3. Prepare a period-end balance sheet for the Year 2 accounting period a-4. Prepare a statement of cash flows for the Year 2 accounting penod (Hint Determine the amount of beginning retained earnings before considering the effects of the current period events. It also might help to record ail events under an accounting equation before preparing the statements) b. Determine the perceptage of total assets that wete provided by creditors, imvestors, and eamings c. Determine the balance in the revenue, expense, and dividends accounts as of January 1. Year 3 . Complete this question by entering your answers in the tabs below. Determine the percentage of total assets thist were provided by creditors, imvestors, and eamings: Note: Round your answers to 2 decichat places

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