R 1-2A Financial statements 1. Net income: $377,600 SHOW ME HOW Accounts receivable Cash Common stock Fees earned Land $ 52,000 Miscellaneous expense $ 22,100 Rent expense Supplies 310,400 198,600 325,000 75,000 6,000 Supplies expense 1,400,000 Utilities expense 1,350,000 Wages expense 15,300 40,000 870,000 Common stock was $250,000 and retained earnings was $1,160,400 as of January 1, 20Y5. During the year, additional common stock of $75,000 was issued for cash, and dividends of $50,000 were paid.

Instructions 1. Prepare an income statement for the year ended December 31, 20Y5.

2. Prepare a statement of stockholders equity for the year ended December 31, 20Y5.

3. Prepare a balance sheet as of December 31, 20Y5.

4. What items appear on both the statement of stolckholders equity and and the balance sheet?