Problem 2-36 Identifying and arranging elements on financial statements LO 2-7 The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ Supplies Cash flow from investing act. Prepaid insurance Service revenue Other operating expenses Supplies expense Insurance expense Beginning common stock Cash flow from operating act. Common stock issued 1,080 Beginning retained earnings (5,200) Cash flow from financing act. 1,200 Rent expense 65,200 Dividends 41,000 Cash 1,100 Accounts receivable 2,100 Prepaid rent 40,000 Unearned revenue 15,600 Land 5,000 Accounts payable (5,000) 2,500 3,000 48,000 14,200 4,800 6,400 24,000 17,000 Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). Use the accounts and balances from Barker Company to construct an income statement. BARKER COMPANY Income Statement For the Year Ended December 31, 2018 Revenue Total revenue Expenses Total expenses Use the accounts and balances from Barker Company to construct statement of changes in stockholders' equity... BARKER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, 2018 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Use the accounts and balances from Barker Company to construct balance sheet. BARKER COMPANY Balance Sheet As of December 31, 2018 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Use the accounts and balances from Barker Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). (Amounts to be deducted and cash outflows should be indicated with a minus sign.) BARKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2018 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance