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The following accounts and balances were drawn from the records of Barker Company at December 31, Year 1: Supplies $ 1,000 Beginning retained earnings $

The following accounts and balances were drawn from the records of Barker Company at December 31, Year 1:

Supplies $ 1,000 Beginning retained earnings $ 9,300
Cash flow from investing act. (5,200 ) Cash flow from financing act. (5,000 )
Prepaid insurance 1,200 Rent expense 2,500
Service revenue 65,200 Dividends 3,000
Other operating expenses 41,000 Cash 48,000
Supplies expense 1,100 Accounts receivable 14,200
Insurance expense 2,100 Prepaid rent 4,800
Beginning common stock 40,000 Unearned revenue 6,400
Cash flow from operating act. 15,600 Land 24,000
Common stock issued 5,000 Accounts payable 17,000

Required Use the accounts and balances from Barker Company to construct an income statement.

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Use the accounts and balances from Barker Company to construct statement of changes in stockholders equity.

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Use the accounts and balances from Barker Company to construct balance sheet.

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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). (Amounts to be deducted and cash outflows should be indicated with a minus sign.)image text in transcribed

BARKER COMPANY Income Statement For the Year Ended December 31, Year 1 Revenue Total revenue Expenses Total expenses BARKER COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity BARKER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flow from operating activities Cash flow from investing activities Cash flow from financing activities Net change in cash Ending cash balance

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