The following information was drawn from the records of Bennett Company:

Common stock issued	$	6,500			Retained earnings (beginning)	$	12,000
Cash flow from investing activities		(47,000	)		Cash flow from financing activities		3,500
Notes payable (ending)		25,000			Accounts payable (ending)		25,000
Service revenue		79,500			Dividends		4,500
Other operating expenses		35,000			Cash (ending)		37,000
Salary expense		25,000			Accounts receivable (ending)		33,000
Interest payable (ending)		4,500			Interest expense		5,500
Common stock (beginning)		55,000			Accrued salaries payable (ending)		6,500
Cash flow from operating activities		48,000			Land (ending)		74,000
Cash (beginning)		32,500			Cash collected from accounts receivable		80,000
Paid cash to reduce accounts payable		33,000

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. 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.