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Required information The following information applies to the questions displayed below) Stark company has the following adjusted accounts and normal balances at its December 31

Required information The following information applies to the questions displayed below) Stark company has the following adjusted accounts and normal balances at its December 31 year-end Notes payable Prepaid insurance Interest expense Accounts payable Mages payable Cash ages expense Insurance expense Stark, Capital Services revenue $ 20,000 Accumulated depreciation-buildings 3,400 Accounts receivable 6 Utilities expense 6,000 Interest payable 1,300 Unearned revenue 20,000 Supplies expense 8,4uildings 1,700 Stark, Withdrawals 78,000 Depreciation expense-buildings 45,000 Supplies 2,000 1,250 Use the adjusted accounts for Stark Company to prepare the (1) income statement and statement of owner's equity for the year ended December 31 and (3) balance sheet at December 31 The Stark, Capital account belance was $78.800 on December 2 of the prior year and there were no owner investments in the cument year Seve& Subm

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