The following information was drawn from the records of Bennett Company: Common stock issued Cash flow from investing activities Notes payable (ending) Service revenue Other operating expenses Salary expense Interest payable (ending) Common stock (beginning) Cash flow from operating activities Cash (beginning) Paid cash to reduce accounts payable $ 5,000 Retained earnings (beginning) (32,000) 10,000 42,000 20,000 10,000 3,000 40,000 33,000 20,000 18,000 Cash flow from financing activities Accounts payable (ending) Dividends Cash (ending) Accounts receivable (ending) Interest expense Accrued salaries payable (ending) Land (ending) Cash collected from accounts receivable $ 15,000 2,000 17,000 3,000 23,000 18,000 4,000 5,000 59,000 65,000 Required: a. Use the appropriate accounts and balances from Bennett Company to construct an end of period income statement, a statement of changes in stockholders' equity, a balance sheet, and a statement of cash flows. Complete this question by entering your answers in the tabs below. b. Assume all revenue was recognized on account. Determine the beginning accounts receivable balance. c. Assume the accounts payable account is associated with other operating expenses and that all other operating expenses are incurred on account. Determine the beginning accounts payable balance.

The following information was drawn from the records of Bennett Company. Required: a. Use the appropriate accounts and balances from Bennett Company to construct an end of period income statement, a statement of changes in stockholder's' equity, a balance sheet, and a statement of cash flows. b. Assume all revenue was recognized on account. Determine the beginning accounts receivable balance. c. Assume the accounts payable account is associated with other operating expenses and that all other operating expenses are incurred on account. Determine the beginning accounts payable balance. Complete this question by entering your answers in the tabs below