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Riley Incorporated reports the following amounts at the end of the year: Cash $5,000 Buildings $75,000 Service Revenue $110,000 Salaries Expense $45,000 Equipment $80,000 Accounts

Riley Incorporated reports the following amounts at the end of the year:

Cash $5,000 Buildings $75,000 Service Revenue $110,000 Salaries Expense $45,000 Equipment $80,000 Accounts Payable $6300 Supplies $8,000 Notes Payable $50,000 Avertising Expense $18,000 Utilities Expense $25,000 In addition, the company had common stock of $65,000 at the beginning of the year and issued an additional $8,000 during the year. The company also had retained earnings of $18,700 at the beginning of the year and paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet.

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