The assets and liabilities of Post Oak Garden Supply, Inc., as of December 31, 2021, and revenues and expenses for the year ended on that date are as follows: Click the icon to view the account totals.) Read the requirements GOD Requirement 1. Prepare the income statement of Post Oak Garden Supply, Inc., for the year ended December 31, 2021 Let's begin the heading and then complete the rest of the statement. (if an input field is not used in the financial statements leave the field empty, do not select a label or ente Post Oak Garden Supply, Inc. Income Statement Year Ended December 31, 2021 $457,600 $41,600 Revenue Service revenue Expenses Rent expense Utilities expense Salary expense Property tax expense Interest expense $9.100 $108,300 $7.100 $11,000 Total expenses $177,100 $280.500 Not income (los) Requirement 2. Prepare the company's statement of retained earnings for the year. Calculator Read the requirements Requirement 2. Prepare the company's statement of retained earnings for the year. Start with the heading and then complete the rest of the statement. (Include a subtotal after the "Add" line of the statement.) Post Oak Garden Supply, Inc. Statement of Retained Earnings Month Ended December 31, 2021 Retained earnings, December 31, 2020 $364,900 Add: Net income for the period $280,500 Subtotal $645,400 Less: Dividends $108,000 Retained earnings, December 31, 2021 $537,400 Requirement 3. Prepare the company's balance sheet as of December 31, 2021 Start with the heading and then complete the rest of the statement. (Do not classify the balance sheet into current and long-term sections. In the first part complete th and stockholders' equity section of the balance shoot. If an input field is not used in the financial statements leave the field empty, do not select a label or enter a zero Post Oak Garden Supply, Inc Balance Sheet December 31, 2021 Assets Liabilities 11ml 11 ml Calculator The assets and liabilities of Post Oak Garden Supply, Inc., as of December 31, 2021, and revenues and expenses for the year ended on that date are as follows: Click the icon to view the account totals) Read the requirements COCO Requirement 3. Prepare the company's balance sheet as of December 31, 2021 Start with the heading and then complete the rest of the statement. (Do not classify the balance sheet into current and long term sections. In the first part complete the assets section and stockholders' equity section of the balance sheet. If an input field is not used in the financial statements leave the field empty, do not select a label or enter a zero) Post Oak Garden Supply, Inc. Balance Sheet December 31, 2021 $29,000 Assets Cash Accounts receivable Supplies Land Building Equipment $2,800 599,000 $130.000 Liabilities $43,000 Accounts payable $85,100 Interest payable 56.000 Note payable $20.000 Total abilities $400,000 $110,000 Stockholders' Equity Common stock Interest payable Note payable $681,100 Total liabilities and stockholders' equity $12,000 $537 400 $550,300 Total assets $681.100 Diamant & Bar Datoren in the Calculator D Acrobat_DC_n...dmg Question 5 of 5 TH The assets and liabilities of Post Oak Garden Supply, Inc., as of December 31, 2021, and revenues and expenses for the year ended on that date are as fc Click the icon to view the account totals.) Read the requirements Supplies $6,000 Note payable $99,000 Land $29,000 Total liabilities $130,800 Building $400,000 Equipment $118,000 Stockholders' Equity Common stock $12,900 Interest payable $537,400 Note payable $550,300 Total assets $681.100 $681,100 Total liabilities and stockholders' equity Requirement 4. Analyze Post Oak Garden Supply, Inc., by answering these questions: a. Was Post Oak profitable during 2021? By how much? Rosult of operations: Not income of $280,500 b. Did retained earnings increase or decreaso? By how much? Retained earings increased Joy $172,500 c. Which is greater total liabilities or total stockholders' equity? Who has a greater claim to Post Oak's assets: its creditors or its stockholders? Stockholders' equity exceeds total liabilities by $419,500 Stockholders own more of Post Oak's assets Calculator Data table pply, an ing enter a zero. U 22,070 Rent expense Equipment $ 112,000 Land $ 21,000 Interest expense 10,000 Note payable 99,400 Interest payable 2,300 Property tax expense 7.100 Accounts payable 40,000 Salary expense 108,000 Accounts receivable 84,800 Building 410,000 Service revenue 453,600 Cash 47,000 Supplies 6,900 Common stock 24,000 Utilities expense 8,200 Beginning retained earnings was $364,700, and dividends declared and paid totaled $111,000 for the year. Print Done Requirements - a zero. 1. Prepare the income statement of Post Oak Garden Supply, Inc., for the year ended December 31, 2021. 2. Prepare the company's statement of retained earnings for the year. 3. Prepare the company's balance sheet as of December 31, 2021. 4. Analyze Post Oak Garden Supply, Inc., by answering these questions: Was Post Oak profitable during 2021? By how much? b. Did retained earnings increase or decrease? By how much? Which is greater total liabilities or total stockholders' equity? Who has a greater claim to Post Oak's assets: its creditors or its stockholders? a. C. Print Done