Victor's Corner Bookstore 8: Coffee Cafe Cash Accounts receivable Prepaid insurance Equipment--net Accounts payable Salaries & wages payable Notes payable due 2029 Dividends Common stock Beginning Retained earnings-June 1, 2022 Sales & cafe revenue Maintenance and repairs expense Insurance expense Salaries and wages expense Total _ _ _ __ _ _ _ _ _ _ 15,867 9,663 1 1,633 $ 105,575 $ 105,575 B C D E F G H K M N O Victor's Corner Bookstore & Coffee Cafe Victor's Corner Bookstore & Coffee Cafe Income Statement Balance Sheet For Year Ended May 31, 2023 May 31, 2023 Revenues: ASSETS Sales & Cafe Revenue Current assets: Total Revenue Cash Expenses Accounts Receivable Salaries & Wages Expense Prepaid Insurance Maintenance & Repairs Expense Total current assets Insurance Expense Property, Plant, & Equipment Total Expenses Equipment--net Net Income (Loss) Total Property, Plant, & Equipment Total assets LIABILITIES & STOCKHOLDERS' EQUITY Current liabilities: Accounts Payable Salaries & Wages Payable Total Current liabilities Excel #1 Checklist Long-term liabilities - No hard-coded/typed values, only cell Notes Payable-due 2029 referenced - Assets = Liabilities + Equity Total long-term liabilities - Retained earnings has been calculated with information from "Given Info" and Total liabilities the income statement. Hint: think about the R/E statement. Stockholders' equity Common Stock Retained Earnings Total Stockholders' Equity Total liabilities & stockholders' equity