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The following accounts and balances were drawn from the records of Barker Company at December 31, 2018: $ 19,000 (5,000) 2,50Required Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholComplete this question by entering your answers in the tabs below. Income Stmt of Cash Balance Sheet SE Statement Flows Use tRequired Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockhol

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Answer #1
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Barker Company
Income Statement Amount $
Service Revenue      79,000.00
Total Revenue     79,000.00
Less: Expenses
Other operating expense      41,000.00
Supplies expense           280.00
Insurance Expense        1,000.00
Rent Expense        2,500.00
Total Expenses     44,780.00
Net Income     34,220.00
Statement of Stockholder's Equity Amount $
Opening balance- Common Stock        1,100.00
Ad: issued during the year        5,300.00
Closing balance- Common Stock        6,400.00
Opening balance- Retained Earnings      19,000.00
Add: Net Income      34,220.00
Less: Dividends        5,500.00
Closing Retained Earnings     47,720.00
Total Stockholder's Equity     54,120.00
Answer 9.3
Balance Sheet
Current Assets Amount $
Cash      11,800.00
Accounts Receivable      19,000.00
Supplies           660.00
Prepaid Insurance        2,400.00
Prepaid rent        4,900.00
Current Assets     38,760.00
Fixed Assets
Land      39,000.00
Total Assets     77,760.00
Liabilities
Accounts Payable      16,340.00
Unearned Revenue        7,300.00
Total Liabilities     23,640.00
Stockholder's Equity
Common Stock        6,400.00
Retained Earnings      47,720.00
Total Stockholder's Equity     54,120.00
Total Liabilities & Stockholder's Equity     77,760.00
Cash Flow Statement Amount $  
Cashflow from operating activities        7,700.00
Cash Flow from Investing Activities      (7,300.00)
Cash Flow from Financing Activities      (5,000.00)
Net change in cash      (4,600.00)
Add: Beginning Cash Balance      16,400.00
Ending cash Balance     11,800.00
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