Tucker Inc completed its fourth year of operations ending December 31, 2020. Prepare the (1) Income Statement for the year ended December 31, 2020 and the (2) Balance Sheet as of December 31, 2020 for Tucker Inc. Use the below account balances to fill-in the blank financial statements. Add proper headings when making these statements. Each account balance will show up on one of the two statements. Make sure Assets = Liabilities + Stockholders' Equity. If you want to check your work, here is a hint: Retained Earnings as of 1/1/2020 was $118,000 and Tucker paid dividends of $108,000 during 2020.

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B D F H E Tucker Inc completed its fourth year of operations ending December 31, 2020. Prepare the (1) Income Statement for the year ended December 31, 2020 and the (2) Balance Sheet as of December 31, 2020 for Tucker Inc. Use the below account balances to fill-in the blank financial statements. Add proper headings when making these statements. Each account balance will show up on one of the two statements. Make sure Assets = Liabilities + Stockholders' Equity. If you want to check your work, here is a hint: Retained Earnings as of 1/1/2020 was $118,000 and Tucker paid dividends of $108,000 during 2020. Cash Accounts Payable Service Fees Revenue Supplies Expense Insurance Expense Retained Earnings, 12/31/2020 Building Rent Expense Salaries Expense Supplies Inventory Contributed Capital Notes Payable Accounts Receivable $ 246,000 $ 53,000 $ 302,000 $ 14,000 $ 4,000 $ 219,000 $ 120,000 $ 12,000 $ 63,000 $ 28,000 98,000 $ 35,000 11,000 AA account balance will show up on one of the two statements. Make sure Assets Liabilities +Stockholders' Equity. If you want to click your work, here is a hint Retained Earnings as of 1/1/2020 was $11,000 and Tucker paid dividends of $108,000 daring 2020. Income Statement: Cash Accounts Payable Service Fees Revenue Supplies Expense Insurance Expense Retained Earnings, 12/31/2020 Building Rent Expense Salaries Expense Supplies Inventory Contributed Capital Notes Payable Accounts Receivable $ $ $ S S s S $ s $ $ s s 246,000 53,000 302,000 14,000 4,000 219,000 120,000 12,000 63,000 28,000 98,000 35,000 11,000 Balance Sheet