PREPARE AN INCOME STATEMENT, STATEMENT OF STOCKHOLDERS' EQUITY, AND BALANCE SHEET Use the ending balances from the T-accounts as mentioned to prepare the following financial statements for Tabor Hill as of and for the month ended February 28, 2011. (Ignore income tax expense.) Assets Liabilities Stockholders' Equity + Cash- Accounts Payable + Contributed Capital + BegBal 3,100 0 BegBal 10,000 BegBal (a) 40,000 16,000 (f) 250 (i) (c) 18,000 3,000 (g) 250 EndBal 10,000 EndBal (d) 1,000 9,000 (h) 500 (j) -Notes Payable + - Retained Earnings + EndBal 33,600 15,000 BegBal 15,000 EndBal 0 BegBal 0 EndBal + Accounts Receivable- BegBal 0 -Unearned Revenue + -Design Revenue + (b) 0 BegBal 0 BegBal 20,000 18,000 (c) EndBal 2,000 (e) 1,000 1,000 (d) 0 EndBal 40,000 (a) 20,000 (b) Supplies- 1,000 (e) BegBal 900 EndBal 900 61,000 EndBal + Wage Expense- + Prepaid Expenses - BegBal (f) 16,000 3,000 BegBal (h) 9,000 EndBal 12,000 Property, Plant & Equipment- BegBal 21,000 EndBal 21,000 EndBal 16,000 + Utilities Expense- BegBal 0 (j) 500 EndBal 500 +Telephone Expense- BegBal 0 (i) 250 EndBal 250 Tabor Hill Designers Income Statement For the Month ended February 28, 2011 Tabor Hill Designers Statement of Stockholder's Equity For the Month ended February 28, 2011 Tabor Hill Designers Balance Sheet February 28, 2011