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On January $1,2026,$ Red Flash Photography had the following balances: Cash, $$28,000$; Supplies, $$9,600$; Land, $$76,000$;

Deferred Revenue, $$6,600$; Common Stock $$66,000$; and Retained Earnings, $$41,000.$ During $2026,$ the company had the

following transactions:

February $15$ Issue additional shares of common stock, $$36,000.$

May $20$ Provide services to customers for cash, $$51,000,$ and on account, $$46,000.$

August $31$ Pay salaries to employees for work in $2026,$ $$39,000.$

October $1$ Purchase rental space for $1$ year, $$28,000.$

November $17$ Purchase supplies on account, $$38,000.$

December $30$ Pay dividends, $$3,600.$

The following information is available on December $31,2026$:

Employees are owed an additional $$5,600$ in salaries.

Three months of the rental space have expired.

Supplies of $$6,600$ remain on hand.

All of the services associated with the beginning deferred revenue have been performed.

Prepare an income statement, statement of stockholders' equity, and classified balance sheet.

Complete this question by entering your answers in the tabs below.

Income

Statement

Statement of

Stockholders

Equity

Balance Sheet