The following accounts and balances were drawn from the records of Warren Company at December 31, 2005:

Required:

Use the accounts and balances from Warren Company to construct an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows).

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Cash $11,400 Accounts Receivable $19,000 Land 37,000 Cash Flow from Operating Act. 7,500 Insurance Expense 1,100 Beginning Retained Earnings 7,500 Dividends 5,000 Beginning Common Stock 1,000 Prepaid Insurance 2,500 Service Revenue 80,000 Accounts Payable 29,000 Cash Flow from Financing Act. 5,500 Supplies 750 Ending Common Stock 5,000 Supplies Expense 250 Cash Flow from Investing Act. Rent Expense 2,500 Other Operating Expenses (7,000) 42,000