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Tar Heel Corporation provides the following information at the end of 2018. Salaries payable to workers at the end of the year $ 1,900 Advertising
Tar Heel Corporation provides the following information at the end of 2018.
Salaries payable to workers at the end of the year | $ | 1,900 | |
Advertising expense for the year | 9,000 | ||
Building that has been purchased | 66,000 | ||
Supplies at the end of the year | 3,200 | ||
Retained earnings | 35,600 | ||
Utility expense for the year | 4,600 | ||
Note payable to the bank | 18,000 | ||
Service revenue earned during the year | 62,400 | ||
Salary expense for the year | 25,300 | ||
Accounts payable to suppliers | 6,300 | ||
Dividends paid to shareholders during the year | ? | ||
Common stock that has been issued, including $4,000 | |||
that was issued this year | 23,000 | ||
Cash remaining | 3,800 | ||
Interest expense for the year | 1,400 | ||
Accounts receivable from customers | 11,800 | ||
The balance of retained earnings at the beginning of the year equals $23,100.
Required:
1. Prepare the income statement for the year ended December 31, 2018.
2. Prepare the statement of stockholders equity for the year ended December 31, 2018.
3. Prepare the balance sheet for the year ended December 31, 2018.
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