Tiffany's provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts:

Advertising Expense	$	31,200		Service revenue	$	129,300
Buildings		108,000		Interest Expense		3,500
Salaries Expense		67,800		Utilities Expense		14,500
Accounts Payable		6,300		Equipment		25,700
Cash		6,400		Notes payable		30,000

In addition, the company had common stock of $60,000 at the beginning of the year and issued an additional $15,000 during the year. The company also had retained earnings of $20,000 at the beginning of the year and paid dividends of $3,500. Required: 1. Prepare the income statement Tiffany's for the year ended December 31.

2. Prepare the statement of stockholders equity Tiffany's for the year ended December 31.

3. Prepare the balance sheet Tiffany's for the year ended December 31. (Be sure to list the assets and liabilities in order of their liquidity.)

TIFFANY'S Income Statement For the year ended December 31 Expenses: Total expenses 0 $ 0 TIFFANY'S Statement of Stockholders' Equity For the year ended December 31 Common Stock Retained Earnings Total Stockholders' Equity Balance at beginning of the year Balance at end of the year TIFFANY'S Balance Sheet December 31 Assets Liabilities Total liabilities Stockholders' Equity 0 Total stockholders' equity Total liabilities and stockholders' equity Total assets 0 $ 0