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show work please Interest Pay 1,000 Salaries Pay 2,000 Income tax payable 23,000 Note Payable 14,000 Bond Payable 70,000 Total Stockholders' Equity 396,000 Dividends 85,000

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Interest Pay 1,000 Salaries Pay 2,000 Income tax payable 23,000 Note Payable 14,000 Bond Payable 70,000 Total Stockholders' Equity 396,000 Dividends 85,000 Revenue 314,000 Rent Revenue 38,000 COGS 140,000 Selling expenses 26,000 Administrative Exps 16,000 Interest Expense 1,000 Restructuring Costs 15,000 Income Tax Exp 23,000 Loss on Sale 5,000 914,000 914,000 Additional information: 1. Prepaid insurance represents a 2 year insurance policy with an effective date of 1/1/22. 2. Investments are available for sale securities expected to be held for longer than one year. There are no unrealized gains or losses on available for sale securities, 3. Notes payable is a 6 month note issued on 12/01/21. 4. Bonds payable of $70,000 are due November 30, 2028 5. Total stockholders' equity: As of 12/31/20: Common stock Par value $2,300,000 shares authorized, 50,000 shares issued at an average issue price of $4.50. The balance in stockholders' equity is retained earnings. 6. Weighted average common shares outstanding is 50,000. No additional shares were issued in 2021 1.) Income statement Gross profit Total operating expenses Operating income Total other revenue/expense) Net Income Earnings per share 2.) Balance sheet Total current assets Total Long term investment section Total PP&E section Total intangibles section Total other assets section Total Assets Total Current Liabilities Total Long-term Liabilities Common Stock Paid in capital in excess of par (APIC) Retained earnings

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