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Required Information [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December
Required Information [The following information applies to the questions displayed below.] Stark company has the following adjusted accounts with normal balances at its December 31 year-end. Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Services revenue $ 22,000 Accumulated depreciation-Buildings 3,600 Accounts receivable 720 Utilities expense 7,000 Interest payable 1,500 Unearned revenue 32,000 Supplies expense 8,600 Buildings 2,900 Dividends $ 26,000 6,200 2,400 540 1,350 420 150,000 8,500 21,000 Depreciation expense-Buildings 7,500 75,000 Supplies 1,350 Retained earnings 69,800 Use the adjusted accounts for Stark Company to prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance sheet at December 31. The Retained Earnings account balance was $69,800 on December 31 of the prior year. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. STARK COMPANY Income Statement For Year Ended December 31 Expenses Total expenses $ 0
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