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Prepare the following statements for Company A for the year ending December 31, 2019. 1. Multiple Step Income Statement and 2. Statement of Stockholders' Equity
Prepare the following statements for Company A for the year ending December 31, 2019. 1. Multiple Step Income Statement and 2. Statement of Stockholders' Equity The account balances are below for the vear 2019, Retained Earnings is as of the Beginning of 2019. Retained Earnings 12/31/2018 35,200 Common Stock 30,000 Cost of Goods Sold 197,000 Dividends 5,000 Gain on Sale Equipment 4,000 Income Tax Expense 5,200 Interest Expense 15,000 Marketing Costs 35,000 Office Rent Expense 6,000 85,000 Office Salaries Expense 12,000 Office Supplies Expense 415,000 Sales Revenues 43,000 Sales Commission Expense
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