The question is to create the excel sheet and the following statements for kelley enterprises

ACCT 212 INDIVIDUAL LEARNING PROJECT 1 Assignment instructions are as follows: 1. Use the information in the provided trial balance to create the following financial statements: a. 2020 Income Statement b. 2020 Balance Sheet C. 2020 Cash Flow Statement 2. Create ONE Excel Workbook with the following tabs: a. Tab 1: Trial Balance for 2019 and 2020 provided b. Tab 2: Closing Entries for 2019 Income Statement C. Tab 3: 2020 Income Statement d. Tab 4: Closing entries for 2020 e. Tab 5:2020 Balance Sheet post-closing entries (Use the 2019 Retained Earnings balance as your beginning 2019 balance) f. Tab 6: 2020 Cash Flow Statement 3. Formulas: Use Excel to setup the financial statements by linking the values from the trial balance. b. Use Excel formulas to calculate all totals and sub-totals. a. 4,757 KELLEY ENTERPRISES 2019 Trial Balance 2020 Trial Balance Account Title Den Credit Account Title Cash and cash equivalent Cash and cash equivalents Short-term investments 5 155 Short term investments Accounts receivable 5 215 Accounts receivable Merchandise inventories 5 500 Merchandise inventories Prepaid expenses and other current assets 5 307 Prepaid expenses and other current assets Property and Equipment $3.363 Property and Equipment Accumulated depreciation 200 Accumulated depreciation Long-term investments $ 3 Long-term Investments Goodwill 5 210 Goodwill Intangible assets s 99 Intangible assets Accumulated amortization of Interible assets 3 20 Accumulated amortization of intangible assets Other sets $ 182 Other assets Short term notes payable $ 3 Short-temnotes payable Accounts payable $ 295 Accounts payable Acerond payroll bonus and other benefits due team members $ 436 Accrued payroll, bonus and other benefits due team members Dividende payable 5 45 Dividend payable Other current abilities $ 473 Other current abilities Long term notes payable $ 62 long term notes payable Other long term abilities 5 658 Other long term liabilities Common Stock $ 2,901 Common Stock Treasury Stock $ 1.152 Tretry Stock Retained earnings (beginning of your) $ 1,521 Hetained aming Dividends $ 45 Dividends Sales $ 15.389 Sales Cost of Goods Sold 5 9,973 Cost of Goods Sold Saline ceneral and administrative erpentes 5 4,48 Selling general and administrative expenses Interest expense $ 62 Interest expense Inwestment and other income $ 17 westment and other income Income tax expense S Income tax expense $22.0225. 22.023 Additional information The company purchased new equipment for $1.404, but there were no disposals of property/equipment The company purchased $125 in new investments including both short and long term, and sold no Investments during the year. The company made payments of S3 on its notes payable, and incurred a new notes payable of $8. The company made no payments on its long-term liabilities. Any change in this account reflects new long-term liabilities incurred The company sold stock during the year, and there were no additional transactions affecting the common stock account The company purchased treasury stock during the year, and there were no additional transactions affecting the treasury stock account The company paid dividends of 545 in 2020, Debit Credit $ 718 5 200 s 363 $ 792 $ 170 S 5 375 $ 143 S 710 5 99 5 30 $ $ 5 $ 473 $ BY $ 35 $ 627 $ 65 $ 1,342 $ 2.194 5 1,214 $ 2,017 5 45 $ 16,134 $10.415 5 4.632 $ 68 5 75 5 401 $24.919 524919 ACCT 212 INDIVIDUAL LEARNING PROJECT 1 Assignment instructions are as follows: 1. Use the information in the provided trial balance to create the following financial statements: a. 2020 Income Statement b. 2020 Balance Sheet C. 2020 Cash Flow Statement 2. Create ONE Excel Workbook with the following tabs: a. Tab 1: Trial Balance for 2019 and 2020 provided b. Tab 2: Closing Entries for 2019 Income Statement C. Tab 3: 2020 Income Statement d. Tab 4: Closing entries for 2020 e. Tab 5:2020 Balance Sheet post-closing entries (Use the 2019 Retained Earnings balance as your beginning 2019 balance) f. Tab 6: 2020 Cash Flow Statement 3. Formulas: Use Excel to setup the financial statements by linking the values from the trial balance. b. Use Excel formulas to calculate all totals and sub-totals. a. 4,757 KELLEY ENTERPRISES 2019 Trial Balance 2020 Trial Balance Account Title Den Credit Account Title Cash and cash equivalent Cash and cash equivalents Short-term investments 5 155 Short term investments Accounts receivable 5 215 Accounts receivable Merchandise inventories 5 500 Merchandise inventories Prepaid expenses and other current assets 5 307 Prepaid expenses and other current assets Property and Equipment $3.363 Property and Equipment Accumulated depreciation 200 Accumulated depreciation Long-term investments $ 3 Long-term Investments Goodwill 5 210 Goodwill Intangible assets s 99 Intangible assets Accumulated amortization of Interible assets 3 20 Accumulated amortization of intangible assets Other sets $ 182 Other assets Short term notes payable $ 3 Short-temnotes payable Accounts payable $ 295 Accounts payable Acerond payroll bonus and other benefits due team members $ 436 Accrued payroll, bonus and other benefits due team members Dividende payable 5 45 Dividend payable Other current abilities $ 473 Other current abilities Long term notes payable $ 62 long term notes payable Other long term abilities 5 658 Other long term liabilities Common Stock $ 2,901 Common Stock Treasury Stock $ 1.152 Tretry Stock Retained earnings (beginning of your) $ 1,521 Hetained aming Dividends $ 45 Dividends Sales $ 15.389 Sales Cost of Goods Sold 5 9,973 Cost of Goods Sold Saline ceneral and administrative erpentes 5 4,48 Selling general and administrative expenses Interest expense $ 62 Interest expense Inwestment and other income $ 17 westment and other income Income tax expense S Income tax expense $22.0225. 22.023 Additional information The company purchased new equipment for $1.404, but there were no disposals of property/equipment The company purchased $125 in new investments including both short and long term, and sold no Investments during the year. The company made payments of S3 on its notes payable, and incurred a new notes payable of $8. The company made no payments on its long-term liabilities. Any change in this account reflects new long-term liabilities incurred The company sold stock during the year, and there were no additional transactions affecting the common stock account The company purchased treasury stock during the year, and there were no additional transactions affecting the treasury stock account The company paid dividends of 545 in 2020, Debit Credit $ 718 5 200 s 363 $ 792 $ 170 S 5 375 $ 143 S 710 5 99 5 30 $ $ 5 $ 473 $ BY $ 35 $ 627 $ 65 $ 1,342 $ 2.194 5 1,214 $ 2,017 5 45 $ 16,134 $10.415 5 4.632 $ 68 5 75 5 401 $24.919 524919