Tree Trimmer Airlines Inc. had the following selected account balances as of January 1, 2020: 600.000 60.000 Preferred Stock, 3%, $100 par (100,000 shrs. authorized: ???? shrs, issued and outstanding) Paid in Capital in Excess of Par - Preferred Stock Common Stock, S?? par (800,000 shares, authorized. 500,000 issued and outstanding Paid in Capital in excess of Par - Common Stock Retained Earning 1,000,000 300,000 900.000 15-Jan During 2020 the following occurred: Declared a cash dividend on preferred stock. Payment date for the preferred dividend. Issued 2.500 shares of preferred stock in exchange for a building. Details regarding the building are as follows: 14-Feb 28-Feb Original cost 25,000 150,000 Acum Deprec. Book Value 25.000 120.000 Fair Mkt. Value 75,000 180.000 Land Building 30.000 17-Mar Declared declared a 4% common stock dividend when the shares were trading at $30. 1-Jul Distribution date for common stock pursuant to stock dividend. (Shares trading at $27) 1-Sep Reacquired 5,000 common shares for S155.000 and placed them 30-Sep Reissued 2,000 common shares held in treasury for $68.000 31-Oct Reissued 1,000 common shares held in treasury for S 27.500 Reissued 2,000 common shares held in treasury for $58,000 7-Nov 12-Nov Declared a a 60% common stock dividend. shares trading at $29.00) 24-Dec Distribution date for common stock pursuant to Nox. 12th stock stock dividend (shares trading at $29.50). Required: record the above transactions in general journal form Cashgrabber, Inc. - Adjusted Trial Balance at the company's year end December 31, 2021: Dr Cr 285,020 320.600 52.000 31.200 900.000 112.000 11,000 620,000 26,000 2.250.000 501.200 120.000 3.150.000 24,000 Accounts Payable Accounts Receivable Accrued Expenses Payable Advances to employees Accumulated Depreciation - Building Accumulated Depreciation - Equipment Allowance for doubtful accounts Bonds Payable - Due 2025 Bonds Premium Building Cash Common Stock (s 1 par value, 120,000 issued) Cast of Goods Sold Dividends payable Equipment Franchise (unamortized cost) General & Administrative Expenses Goodwill Held to Maturity Securities Income tax allocable to Income from continuing ops. Inventory - Ending Land Net sales Mortgage Note Payable ($120,000 due in 2022) Paid in Capital in excess of par - Common Paid in Capital in excess of par - Preferred Paid in Capital from Treasury Stock Patent - Unamortized cost Preferred Stock (2%, $100 par value. 5,000 shrs issued & outstanding) Prepaid Expenses Retained earnings - Dec 31, 2021 reduced by $10,000 Pref. dividends and $52.000 Commen dividends Salaries Payable Securities Fair value Adj. Trading Securities Selling expenses Trading Securities Treasury Stock - Common (25.000 shrs) Unearned revenue 651,000 367.000 2.339.280 111.000 146.000 325.070 492.000 362,000 9,020,500 799.400 234.000 27,000 4.100 373.000 500,000 72.000 1,276,510 61,000 32.000 2.76.150 216.000 17.030 $1,000 144823.530 14.623.530 0 Additional information 1 Net income for the year ended December 31, 2021 is 500.000 The January 1, 2021 balance in Retained Earnings is 1.3K 510 } Instructions: Prepare: a b An Income Statement for the year ended Dec 31, 2021 A Retained Earnings Statement for the year ended Dec 31, 2021 The Stockholders Famity sectisathe Der 31 T Rase Sheet