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Riley. Incorporated reports the following amounts at the end of the year. Cash Buildings Accounts payable Interest expense Advertising expense $78,3ee Service revenue 48,809 Salaries

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Riley. Incorporated reports the following amounts at the end of the year. Cash Buildings Accounts payable Interest expense Advertising expense $78,3ee Service revenue 48,809 Salaries expense 9,208 Equipment 3,400 Supplies 11,280 Notes payable $98,989 53,800 71, eee 3,400 50,000 In addition, the company had common stock of $78,000 at the beginning of the year and issued an additional $7.500 during the year. The company also had retained earnings of $27.200 at the beginning of the year and paid dividends of $1700 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet. a. Income statement RILEY, INCORPORATED Income Statement For the year ended December 31 Revenues Expenses: Total expenses 0 0 $ b. Statement of stockholders' equity. RILEY, INCORPORATED Statement of Stockholders' Equity For the year ended December 31 Common Retained Stock Earnings Total Stockholders Equity Balance at beginning of the year Balance at end of the year $ 0 $ 0 S 0 c. Classified balance sheet. RILEY, INCORPORATED Balance Sheet December 31 Liabilities Assets c. Classified balance sheet. RILEY, INCORPORATED Balance Sheet December 31 Liabilities Assets $ 0 Total liabilities Stockholders' Equity 0 Total stockholders' equity 0 Total liabilities and stockholders' equity $ $ Total assets $ 0

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