The income statement and additional data of Jackson Services, Inc. follow:

Jackson Services, Inc. Income Statement Year Ended December 31, 2013
Revenues:
Sales Revenue	$304,000
Dividend Revenue	7,000
Total Revenues		$311,000
Expenses:
Cost of Goods Sold	$100,000
Salaries Expense	55,000
Depreciation Expense	20,000
Advertising Expense	9,000
Interest Expense	1,000
Income Tax Expense	13,000
Total Expenses		198,000
Net Income		$113,000

Additional data follows:

• Acquisition of fixed assets totaled $122,000. Of this amount, $105,000 was paid in cash and a $17,000 note payable was signed for the remainder.
• Proceeds from sale of land totaled $28,000. No gain or loss was recognized on the sale.
• Proceeds from issuance of common stock totaled $34,000.
• Payment of long-term note payable was $17,000.
• Payment of dividends was $11,000.
• Data from the comparative balance sheet follow:

December 31	2013	2012
Current Assets:
Cash	$89,000	$24,000
Accounts Receivable	45,000	62,000
Inventory	34,000	28,000
Current Liabilities:
Accounts Payable	$33,000	$26,000
Accrued Liabilities	11,000	26,000

Requirements:

Using the Week 11 Assignment Template, perform each of the following:

Part A: Prepare Jackson Services