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The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below. Accounts Debit Credit Cash $ 10,000 Accounts Receivable 130,000 Prepaid

The December 31, 2021, adjusted trial balance for Fightin' Blue Hens Corporation is presented below.

Accounts Debit Credit
Cash $ 10,000
Accounts Receivable 130,000
Prepaid Rent 4,000
Supplies 20,000
Equipment 200,000
Accumulated Depreciation $ 115,000
Accounts Payable 10,000
Salaries Payable 9,000
Interest Payable 3,000
Notes Payable (due in two years) 20,000
Common Stock 100,000
Retained Earnings 40,000
Service Revenue 300,000
Salaries Expense 200,000
Rent Expense 10,000
Depreciation Expense 20,000
Interest Expense 3,000
Totals $ 597,000 $ 597,000

2. Prepare a statement of stockholders' equity for the year ended December 31, 2021, assuming no common stock was issued during 2021.

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