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Prepare the four financial statements (Income Statement, Statement of Retained earnings, Balance Sheet and Statement of Cash Flows) for Remmer Company as of December 31,

Prepare the four financial statements (Income Statement, Statement of Retained earnings, Balance Sheet and Statement of Cash Flows) for Remmer Company as of December 31, 2017.

The following information is from Remmer Company for the year 2017.

Accounts Payable

$145,000

Accounts Receivable

15,000

Cash (balance on January 1, 2017)

75,000

Cash (balance on December 31, 2017)

80,000

Common Stock

100,000

Dividends

10,000

Equipment

755,000

Notes Payable

30,000

Office Expenses

95,000

Prepaid Rent

50,000

Retained Earnings (Jan 1 2017)

410,000

Retained Earnings (December 31, 2017)

480,000

Salaries and Wages Expense

955,000

Salaries and Wages Payable

170,000

Sales Revenue

1,660,000

Supplies

25,000

Utilities Expense

530,000

Cash from Operating Activities

171,000

Cash from Investing Activities

(40,000)

Cash from Financing Activities

(126,000)

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