preparing financial Statements

Long-term investments Notes payable, long-term Prepaid insurance Wages payable Common Stock $ 26,250 208,500 5,250 13,500 225,000 183,750 Equipment Land 26,250 10,500 18,750 Interest payable Interest expense Income tax payable Cost of goods sold Cash 4,500 109,500 12,000 16,500 309,000 123,000 12,750 72,000 8,250 46,500 7,500 35,250 9,750 267,750 10,500 9,750 18,750 Accounts payable Buildings Accumulated depreciation Dividends General and administrative expenses Accounts receivable Inventory Notes payable, current portion Selling expenses Trademarks Sales revenue Income tax expense Supplies Retained earnings, Jan. 1, 2019 (Hint: Prepare the financial statements.)