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The following information was gathered for BBB, Inc. for 2020. The amounts are for the year ended December 31, 2020 or as of that date

The following information was gathered for BBB, Inc. for 2020. The amounts are for the year ended December 31, 2020 or as of that date except for the Beginning Retained Earnings which is given for the beginning of 2020.

Complete an Income Statement, Statement of Owners Equity and Balance Sheet

Revenue

$74,272

Cost of goods sold

40,523

Selling expenses

10,325

Beginning Retained earnings

6,372

Inventory

2,897

Accounts payable

4,894

Fixtures and equipment

4,701

Accounts Receivable

26,348

Accrued liabilities

1,471

Cash

1,125

Prepaid Expenses

1,103

Capital stock

920

Income tax expense

803

Land and buildings

766

Long-term debt

711

Interest expense

687

Short-term debt

557

Salaries payable

256

Dividends paid

150

Utilities expense

25

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