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(prop. tequp. (Total assets L & SE AP Once you have completed the assignment below, you must submit your answers using the answer sheet provided

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(prop. tequp. (Total assets L & SE AP Once you have completed the assignment below, you must submit your answers using the answer sheet provided in Canvas; not all answers will be turned in. Once submitted, your answers cannot be changed, but where appropriate, partial credit will be given. For future reference, you should keep a copy of your answers (outside of Canvas) as they will not be available to view given the nature of the grading process. The Kobe Company was founded on January 1, 2017; since then, the company has been fairly successful; however, in an effort to save some money, the president has been keeping track of the financial records rather than hiring a professional accountant. Although some data is missing, a comparative report of year-end account balances appears below, all numbers are as of December 31" unless noted otherwise. 2020 2019 assets Dividends 3,400 2,500 Cash Retained earnings, Jan. 1 22,267 ? Revenues 465,806 421,619 AR Notes payable 7 18,700 Sup Accounts payable 14,089 12,765 Selling and administrative expenses 15,945 15,392 Rent expense ? 92,713 Common stock 40,500 38,000 Payroll expense 358,416 305,246 Cash 14,342 16.489 Equipment 64,513 57,937 Total liabilitas Retained earnings, Dec. 31 22,192 22,267 Supplies 1,210 890 conmonstock Accounts receivable 18,612 ? Retained earnirys Required: total shareholder sequity tutal at totaTSE a. Prepare an income statement, statement of retained earnings and a balance sheet for each year and determine the missing values. b. During January of 2021, the company had the following transactions: Jan. 1 Owner invested another $14,000 into the company Jan. 2 Purchased $8,100 of equipment Jan. 3 Paid $250 for advertising Jan. 6 Purchased $400 of supplies on account Jan. 10 Paid rent of $8,000 Jan. 14 Sold services to customers for $52,400 Jan. 18 Borrowed $4,500 from a bank Jan. 24 Paid employee payroll of $4,400 Jan. 26 Received a $300 utility bill for January, will be paid next month Jan. 31 A $680 dividend is paid to the owner Jan. 31 Paid employee payroll of $14,000 NP Prepare a tabular analysis for January, record the transactions and then prepare a statement of cash flows, income statement, statement of retained earnings and balance for the company

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