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The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2 Supplies Cash flow from investing activities
The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2 Supplies Cash flow from investing activities Prepaid insurance Service revenue Other operating expenses 17 Supplies expense Insurance expense Beginning common stock Cash flow from operating activities $1,000 Beginning retained earnings $9,300 (5,200) Cash Flow from financing activities (5,000) 1,200 Rent expense 2,500 65,200 Dividends 3,000 41,000 Cash 48,000 1,100 Accounts receivable 14,200 2,100 Prepaid rent 4,800 40,000 Unearned revenue 6,400 24,000 17,000 Common stock issued Required: 15,600 Land 5,000 Accounts payable Use the accounts and balances from Barker Company to construct an income statement. Use the accounts and balances from Barker Company to construct statement of changes in stockholders' equity. BARKER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 2 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Use the accounts and balances from Barker Company to construct balance sheet. BARKER COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity Use the accounts and balances from Barker Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). Note: Amounts to be deducted and cash outflows should be indicated with a minus sign. BARKER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flow from operating activibes Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance
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