Tar Heel Corporation provides the following information at the end of 2012. Salaries payable to workers at

Question:

Tar Heel provides the following information at the end of 2012.
Salaries payable to workers at the end of the year ................................................$ 2,300
Advertising expense for the year...............................................................................9,400
Building that has been purchased............................................................................70,000
Supplies at the end of the year...................................................................................3,600
Retained earnings...........................................................................36,000
Utility expense for the year.......................................................................................5,000
Note payable to the bank........................................................................................20,000
Service revenue earned during the year..................................................................64,400
Salary expense for the year.....................................................................................25,700
Accounts payable to suppliers..................................................................................6,700
Dividends paid to shareholders during the year..........................................................( ? )
Common stock that has been issued, including$5,000
that was issued this year..........................................................................................25,000
Cash remaining...........................................................................................................4,200
Interest expense for the year......................................................................................1,600
Accounts receivable from customers.......................................................................12,200
Required:
Prepare the income statement, statement of stockholders' equity, and for Tar Heel on December 31, 2012. The balance of retained earnings at the beginning of the year equals $23,300.
Balance Sheet
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