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Problem 1.5B (Algo) Prepare financial statements (LO1-3) Schell Corporation provides the following information at the end of 2024 . Salaries payable to workers at the

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Problem 1.5B (Algo) Prepare financial statements (LO1-3) Schell Corporation provides the following information at the end of 2024 . Salaries payable to workers at the end of the year Advertising expense for the year Building that has been purchased Supplies at the end of the year Retained earnings Utilities expense for the year Note payable to the bunk Service revenue performed during the year Salary expense for the year Accounts payable to suppliers Dividends paid to shareholders during the year Camson stock that has been issued, including $6,80 that was issued this year cash rensining Interest expense for the year Accounts receivable from custorers Retained earnings at the beginning of the year Required: $1,70 8,80 64,00 3,60 30,40 4,40 17,00 61,40 25,10 6,10 (?) 27,60 3,60 1,30 11,60 18,60 1. Prepare the income statement for the year ended December 31,2024. 2. Prepare the statement of stockholder' equity for the vear ended December 31,2024 Prev 3 of 4 Next >

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