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Prepare the statement of changes in stockholders' equity for Year 1 and Year 2. Complete this question by entering your answers in the tabs below.
Prepare the statement of changes in stockholders' equity for Year 1 and Year 2. Complete this question by entering your answers in the tabs below. Prepare the balance sheet for Year 1 and Year 2. Information for Year 2 Adjusting Entrles 11. The advance payment for rental of the office space (see Event 3) was made on March 1 for a one-year term. 12. The cash advance for services to be provided in the future was collected on October 1 (see Event 5). The one-year contract started on October 1. 13. Had $1,900 of supplies remaining on hand at the end of the period. 14. Recognized accrued salaries of $5,500 at the end of the accounting period. 15. Recognized $2,000 of accrued interest revenue. b-1. Prepare an income statement for Year 1 and Year 2. b-2. Prepare the statement of changes in stockholders' equity for Year 1 and Year 2. b-3. Prepare the balance sheet for Year 1 and Year 2. b-4. Prepare the statement of cash flows for Year 1 and Year 2, using the vertical statements model. Complete this question by entering your answers in the tabs below. Prepare an income statement for Year 1 and Year 2. (Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Prepare the statement of cash flows for Year 1 and Year 2, using the vertical statements model. (Cash outflows should be indicated with a minus sign.)
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