The following summary information was reported by Hannah Company, a sole proprietorship owned by Dan Hannah, for the quarter ending September 30, 2010.

Required:
Prepare the four basic financial statements for the quarter:
a. Income statement.
b. Statement of owner's equity.
c. Balance sheet.
d. Statement of cash flows.

Transcribed Image Text:

Assets Liabilities D. Hannah, Capital, September 30, 2010 61,000 ash flows from operating activities 15,700 9,500 D. Hannah, Capital, June 30, 2010 18,500 $51,000 2,100 Cash flows from investing activities (7,200) 18,950 Cash flows from financing activities (5,300) 4,900 ,750 Cash, June 30, 2010 Kevenue Expenses D. Haa, Dings Additional investment by owner 3,200 6,400 Cash, September 30, 2010