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The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: Supplies Prepaid insurance Cash flow from
The following accounts and balances were drawn from the records of Barker Company at December 31, Year 2: Supplies Prepaid insurance Cash flow from investing activities Service revenue Other operating expenses Insurance expense Supplies expense Beginning common stock Cash flow from operating activities $ 1,000 Beginning retained earnings (5,200) Cash flow from financing activities 1,200 Rent expense 65,200 Dividends 41,000 Cash 1,100 Accounts receivable 2,100 Prepaid rent 40,000 Unearned revenue 15,600 Land 5,000 Accounts payable $ 9,300 (5,000) 2,500 3,000 48,000 14,200 4,800 6,400 24,000 17,000 Common stock issued Required: Use the accounts and balances from Barker Company to construct an income statement. Revenue Total revenue Expenses BARKER COMPANY Income Statement For the Year Ended December 31, Year 2 $ 0 Total expenses 0 $ 0
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