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Tar Heel Corporation provides the following information at the end of 2012. Salaries payable to workers at the end of the year $ 3,100 Advertising
Tar Heel Corporation provides the following information at the end of 2012. |
Salaries payable to workers at the end of the year | $ | 3,100 | |
Advertising expense for the year | 9,600 | ||
Building that has been purchased | 70,600 | ||
Supplies at the end of the year | 4,300 | ||
Retained earnings | 36,400 | ||
Utility expense for the year | 5,000 | ||
Note payable to the bank | 18,900 | ||
Service revenue earned during the year | 65,000 | ||
Salary expense for the year | 26,300 | ||
Accounts payable to suppliers | 7,000 | ||
Dividends paid to shareholders during the year | (?) | ||
Common stock that has been issued, including $5,000 | |||
that was issued this year | 27,000 | ||
Cash remaining | 4,400 | ||
Interest expense for the year | 2,500 | ||
Accounts receivable from customers | 13,100 |
Required: |
Prepare the following for Tar Heel Corporation on December 31, 2012. The balance of retained earnings at the beginning of the year equals $23,800. |
(a) | Income Statement.(Input all amounts as positive values. Omit the "$" sign in your response.) |
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