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The following financial statement information for Peal Company as for the year 2021: Required: Fill the missing amounts. (Hint: There are 6 missing amounts).
The following financial statement information for Peal Company as for the year 2021: Required: Fill the missing amounts. (Hint: There are 6 missing amounts). Note: Write only the final amount. Do not show your calculation. Peal Company Income Statement For the year ended 2021 Net Sales Cost of goods sold Gross profit Operating expenses Selling -2- expenses General and administrative 2.800 expense Total operating expenses Income from operations Other expenses Interest expense Net income Peal Company Statement of Owner's equity $20,000 Capital, Beginning For 2021 $4,000 balance -1- Add: Assets Cash $35,000 Peal Company Balance Sheet As of Dec 31, 2021 Liabilities and Equity Notes Payable -6. Investment 6,000 10,500 Net income 2,000 Prepaid rent 10.000 Office Furniture 10,000 Owner's equity Owner's capital -5- Less: Drawings Computer Equipment Total Assets 5,000 $60.000 Total Liabilities -4- & Equity Z.300 Capital, Ending balance 8,000 3,200 1,200 $2.000
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