XYZ Company has the following General Ledger accounts and their balances. This is the first month operations for XYZ Company. January 31, xxx1
Account Description	Balance
Accounts Payable	$ 1,920
Capital Stock	$ 48,000
Cash	$ 5,600
Dividends	$ 7,200
Land	$ 50,000
Miscellaneous Expense	$ 1,320
Rent Expense	$ 7,640
Revenues	$ 36,000
Salaries and Wages Expense	$ 12,000
Utilities Expense	$ 2,160
Actions to take:
Prepare the Balance Sheet (including heading)
Prepare the Income Statement (including heading)
Prepare the Statement of Change in Stockholders Equity (including heading)