| 1. | Issued $190,000 of common stock for cash. |
| 2. | Provided $94,000 of services on account. |
| 3. | Collected $80,000 cash from accounts receivable. |
| 4. | Loaned $13,000 to BBC on September 1, 2010. The note had a one-year term to maturity and an 6 percent interest rate. |
| 5. | Paid $44,000 of salaries expense for the year. |
| 6. | Paid a $2,500 dividend to the stockholders. |
| 7. | Recorded the accrued interest on December 31, 2010 (see item 4). |
| | Problem 5-22 Requirement 2 | Requirement 2: | | Prepare the income statement, balance sheet, and statement of cash flows for 2010. (Round your final answers to the nearest dollar amount. Amounts in parentheses do not require a minus sign in front of them. Be sure to list the expenses on the income statement in order of their magnitude. Be sure to list the assets and liabilities in order of their liquidity. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.) | | Baker Co. Financial Statements For the Year Ended 2010 | | Income Statement | | | | (Click to select) Salaries ExpenseInterest RevenueUncoll. Accounts ExpenseService RevenueNet Operating Income | | $ | | Operating Expenses | | | | (Click to select) | $ | | | (Click to select) | | | | Total Operating Expenses | | () | | (Click to select | | | | Non-Operating Items | | | | (Click to select) | | | | (Click to select) | | | | | | Baker Co. Financial Statements For the Year Ended 2010 | | Statement of Changes in Stockholders' Equity | | | | (Click to select) | $ | | | (Click to select) (Click to select) | | | | (Click to select) | | $ | | (Click to select) | | | | (Click to select) (Click to select) | | | | (Click to select) (Click to select) | () | | | (Click to select) | | | | Total Stockholders' Equity | | $ | | | | Baker Co. Balance Sheet As of the End of the Year 2010 | | Assets | | | Liabilities | | $ | | (Click to select) | | $ | | | | | (Click to select) | | | Stockholders' Equity | | | | (Click to select) | () | | (Click to select) | $ | | | (Click to select) | | | (Click to select) | | | | (Click to select) | | | Total Stockholders' Equity | | | | Total Assets | | $ | Total Liabilities and Stockholders' Equity | | $ | | | | Baker Co. Statement of Cash Flows For the Year Ended 2010 | | Cash Flow From Operating Activities: | | | | (Click to select) | $ | | | (Click to select) | () | | | Net Cash Flow from Operating Activities | | $ | | Cash Flows From Investing Activities: | | | | (Click to select) | | () | | Cash Flow From Financing Activities: | | | | (Click to select) | | | | (Click to select) | () | | | Net cash Flow from Financing Activities | | | | Net Change in Cash | | | | (Click to select) (Click to select) | | | | Ending Cash Balance | | $ | | | |
