Supplie Buildings Advertising expense Equipment Purchase factory for operations. Pay for cost of advertising. Purchase equipment for operations Requir Calcula P1-5B 7.Interest expense Pay for cost of interest. Purchase supplies on credit. Distribute cash to stockholders. Borrow from the bank. Accounts payable 9Dividends 10. Notes payable Required: For each transaction, indicate whether the related account would be classified in the balance sheet as (a) an asset, (tb) a liability, or (c) stockholders' equity; in the income statement as (d) a revenue or (e) an expense; or in the statement of stockholders' equity as (0 a dividend. P1-3B Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts: Prepare financial statements (L01-3) Advertising expense Buildings Salaries expense Accounts payable Cash $33,500 Service revenue $127.600 3,500 15,500 27,000 30,000 150,000 nterest expense 65,100 6,400 5,500 Utilities expense Equipment Notes payable CHAPTER 1 A Framework for Financial Accounting 47 ition, the company had common stock of $100,000 at the beginning of the year and In add an additional $11,000 during the year. The company also had retained earnings of su 0 at the beginning of the year and paid dividends of $5,200. s30, Required the income statement, statement of stockholders' equity, and balance sheet for Gator Investments Pt-4 B Below are incomplete financial statements for Cyclone, Inc. Understand the format of financial statements and the link among them LO1-3) CYCLONE, INC Income Statement CYCLONE, INC. Statement of Stockholders' Equity Common Retained Total Stock Earnings S. Equity Beginning balance$14,000 $7.000 $21,000 Revenues Expenses: Salaries Rent Advertising $13,000 Issuances of stock 7,000 Add: Net income 5,000 Less: Dividends 5.000 5,000 Net income(b) Ending balance 17000 $8,000 $%25,00 CYCLONE, INC. Balance Sheet Assets Liabilities $1,100 Cash Supplies Land Building Accounts payable $4,000 Stockholders' Equity 6,000 16,000 Common stock Retained earnings Total liabilities and stockholders' equity0 Total assets