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The following balance sheet items listed below are available from the records of Yahoo Compnay at December 31, 2021: Yahoo, Inc. List of Accounts December

The following balance sheet items listed below are available from the records of Yahoo Compnay at December 31, 2021: Yahoo, Inc. List of Accounts December 31, 2021

Accounts receivable 300

Prepaid insurance 2,000

Prepaid rent 1,500

Supplies 200

Furniture and fixtures 8,400

Accumulated depreciation: furniture & fixtures 5,200

Accounts payable 6,540

Notes payable 24,000

Salaries payable 1,700

Interest payable 360

Unearned revenue 200

Common stock 4,000

Retained earnings 2,600

Sales revenue 52,000

Insurance expense 6,000

Office rent expense 9,000

Supplies expense 440

Salary expense 48,000

Depreciation expense: furniture and fixtures 1,400

Office and telephone expense 3,000

Internet service expense 4,900

Legal expense 1,500

Interest expense 4,000

Income tax expense 5,000

total 193,200

REQUIRED: Using the information above, complete the following financial statements for the year ended, December 31, 2021 in good form. Points will be deducted if not in good form and proper format.

A. Income statement

B. Statement of Retained Earnings

C. Balance Sheet

D. Computer the Current Ratio (Show work)

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