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Prat Corporation started the Year 2 accounting period with $29,000 of assets (all cash) $11,500 of Bablities, and $14,000 of common stock. During the year,

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Prat Corporation started the Year 2 accounting period with $29,000 of assets (all cash) $11,500 of Bablities, and $14,000 of common stock. During the year, the Retained Earnings account increased by $15,550. The bockkeeper reported that Prat paid cash expenses of $30,500 and pasd a $2,900 cash dividend to the stockbolders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also paid $4,000 cash to reduce the liability owed to the bank, and the business acquired $6300 of addational cash from the issue of common stock. Required: a-1. Prepare an inceme statement for the Year 2 accounting period a-2. Prepare a statement of changes in stockholders' equity for the Year 2 accounting period. a-3. Prepare a period-end balance sheet for the Year 2 accounting petiod a-4. Prepare a statement of cash flows for the Year 2 accounting period. (Hint Determine the amount of beginning retained carnings before considering the effects of the current period events. It also might help to record all everts under an accounting equation before prepating the stafements) b. Defermine the percentage of total assets that were prowided by creditors, imvestors, and earnings 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 balance in the rewenue, expense, and dividends accounts as of January 1, Year 3

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