WPitten Problems! 6. The following accounts were extracted from the accounting records of Teutonic Enterprises following its first year of operations, June 30, 2019: Rent expense $ 7,500 Truck 13,600 Accounts payable 8,300 Supplies expense 2,500 Service revenue 55,000 Cost of Goods Sold 20,800 Salary expense 2,200 Accounts receivable 13,200 Utilities expense 5,000 Common stock 25,000 20,900 Depreciation Exp-truck 1,600 Cash Prepare an income statement, a statement of shareholders' equity, and a balance sheet for Teutonic Enterprises. 7. Prepare a horizontal analysis of the following comparative income statement for the Buff Bodies Corporation. Round percentage changes to the nearest one-tenth percent. Buff Bodies Corporation Comparative Income Statement For the Years Ended December 31, 2019 and 2018 2019 2018 Total revenue $1,450,000 $1,300,000 Cost of goods sold $1,030,000 $ 925,000 Gross profit $420,000 $ 375,000 Expenses: Operating expenses 318,000 280,000 Interest expense 6,000 10,000 Income tax expense 25,300 22.000 Total expenses $ 378,300 $ 312,000 Net income $ 70,700 $ 63,000