The balance is listed below are for December 31 and already include the journal entries you just prepared except for the stockholders equity account the balance listed for the stockholders equity accounts are the January one balances you'll need to utilize the journal entries you just prepare to complete the statement of stockholders equity.

Prepare a multi step income statement statement of stockholders equity and they classified balance sheet and good form for the year ended December 30 20x1.

included is thr journal entry. thanks.

Part 2 Instructions: Page 2 The balances listed below are for December 31 and already include the journal entries you just prepared except for the stockholders' equity accounts. The balances listed for the stockholders' equity accounts are the January 1 balances. You will need to utilize the journal entries you just prepared to complete the Statement of Stockholders' Equity Prepare a multistep income statement, a statement of stockholders' equity, and a classified balance sheet in good form for the year ended December 31, 20X1. Use the Student Input Form (Excel File) to complete the Financial Statements Credit Debit 150 000 99,000 5,000 25,000 2,500 10,000 1,500 1,000 7,500 152,500 75,000 41,950 2,000 50,000 2,500 114,025 Oo 55,000 Cash Accounts receivable Allowance for doubtful accounts Equity Investments at cost Valuation allowance for Equity Investments Merchandise inventory at lower of cost (FIFO) or market Prepaid expenses Interest receivable Investment in Masco Company stock Store buildings and equipment Accumulated depreciation-store buildings and equipment Accounts payable Income tax payable Bonds payable, 10%, due in 10 years Premium on bonds payable Retained earnings, January 1, 20X1 Cash dividends, January 1, 20X1 balance Stock Dividends, January 1, 20X1 balance Common stock, $10 par (100,000 shares authorized: 5500 shares outstanding). January 1, 20x1 Pald-in capital in excess of par--common stock, January 1, 20X1 Paid-in capital from sale of treasury stock, January 1, 20X1 Treasury stock, January 1, 20X1 Sales Gain from sale of investment Unrealized gaindoss) on Equity Investments Dividend revenue Interest revenue Income of Masco Company Cost of goods sold Advertising expensel Depreciation expense store buildings and equipment Miscellaneous saling expenses Sales commissions Office font expense Office salaries expense Mincellaneous administrative expenses Interest expense Income tax expense 5,500 0 0 350,000 500 4,800 400 1.350 10,000 200,000 $5,000 3.500 2.500 10000 25 000 30.000 500 2.500 20.000 Arial 12 ' ' 3 25 General Insert Delete Format WE NE Paste BIU . % 8-98 Conditional Format as Cell Formatting Table Styles Styles Clipboard 19 Font Alignment Number Cells A1 ABC Corporation, Inc. E G Page 6 3 Total Retained Earnings Treasury Stock 0 D 1 ABC Corporation, Inc. 2 Statement of Stockholders' Equity For the Year Ended December 31, 20X1 (12 points) Common Stock Paid-in Capital Paid-in in Excess of Par Capital from Common Stock sale of Treasury 1 Stock 5 Balances, January 1 0 5 Issued common stock Net income 3 Cash dividends Stock dividends 0 Sale of treasury stock 1 Purchase of treasruy stock 2 Balances December 31 3 4 5 Journal & Income Statement Form Statement of SHE Form Balance Sheet Form X Accessibility Inwestigate 1 Type here to search o 0 O g . 55% Rain... A1 > D F Page 7 ABC Corporation, Inc. Balance Sheet December 31, 20X1 (36 points) Assets 0 1 2 3 14 35 36 2 19 20 22 23 24 25 26 21 Liabilities 26 23 30 31 02 94 95 36 01 Stockholders' Equity LO 41 Statement of S Ready Journal & Income Statement Form Accessibility: Investigate Type here to search C C69 fx Pagal 2 3 Financial Accounting Name 150 points total 4 5 . 1 Journal Entries Cash Common stock Paid in capitak in excess of par 2.8 points each (75 points) 27500 25,000 2.500 To B 11 53,252 Cash Premium on bonds payable Bonds payable 3.252 50.000 13 12 IC Cash dividend Dividend payable 2.000 15 2.000 16 11 D Dividend payable Cash 2,000 15 2,000 19 20 E 31,500 Trading investment Cash 211 31.500 F Stock dividend Stock dividend distributable 10.000 20 10.000 26 G 10 000 21 Stock dividend distributable Common stock Paid in capital excess of par 25 4,000 6 000 DO IH investment in bonds cash 5,000 5.000 32 Treasury common stock cash 1,800 1 800 35 36 or Cash Interest income 125 125 K 40 Cash 300 Dividend income 300 Page 4 Journal & Income Statement Form Statement of SHE FO Ready x Accessibility: Investigate Type here to search C69 X fx c D 500 41 12 L 43 84 45 M Cash Investment in associate 500 1,275 46 Cash Treasury common stock Paid in capital in excess of par 900 375 41 45 N 7 800 Cash Trading investment 6,300 1,500 33 O Investment in associate income from associate 10,000 5 10.000 4 5,213 5.000 63 150 Cash ST Investment in bonds 58 Interest income Gain on sale of investment 60 61Q Trading investment unrealized gain on trading investment 65 6R Interest expense 65 Amortization of the premium 66 Cash 51 4.800 62 4 800 2,337 163 2.500 10 Page 5 11 TP 19 14 ABC Corporation, Inc. Income Statement For the Year Ended December 31, 20X1 127 points) 75 16 16 T Statement of SHE For Journal & Income Statement Form Accessibility. Investigate Ready Type here to search o