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[The following information applies to the questions displayed below.] The following transactions apply to Hooper Co. for Year 1, its first year of operations: 1.

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[The following information applies to the questions displayed below.] The following transactions apply to Hooper Co. for Year 1, its first year of operations: 1. Issued $170,000 of common stock for cash. 2. Provided $106,000 of services on account. 3. Collected $92,000 cash from accounts receivable. 4. Loaned $13,000 to Mosby Co. on November 30 , Year 1. The note had a one-year term to maturity and a 8 percent. interest rate. 5. Paid $36,000 of salaries expense for the year. 6. Paid a $3,500 dividend to the stockholders. 7. Recorded the accrued interest on December 31, Year 1 (see item 4). 8. Estimated that 1 percent of service revenue will be uncollectible. b. Prepare the income statement, balance sheet, and statement of cash flows for Year 1. Complete this question by entering your answers in the tabs below. Prepare the income statement for Year 1. (Round intermediate calculations and final answers to nearest whole dollar amount.) Prepare the income statement for Year 1 . (Round intermediate calculations and final answers Prepare the balance sheet for Year 1. (Round intermediate calculations and final an Prepare the statement of cash flows for Year 1. (Cash outflows should be indicated w

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