Question

does anyone know what im missing ??

Following are the accounts and balances (in random order) from the adjusted trial balance of Stark Company Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Common stock Retained earnings Services revenue $ 19,000 3,300 660 5,500 1,200 26,000 8,300 2,600 16,400 56,400 60,000 Accumulated depreciation-Buildings Accounts receivable Utilities expense Interest payable Unearned revenue Supplies expense Buildings Dividends Depreciation expense-Buildings Supplies $ 23,000 5,600 2,100 420 1,200 360 120,000 7,000 6,000 1,200 Prepare the (1) income statement and (2) statement of retained earnings for the year ended December 31 and (3) balance shee December 31. The Retained Earnings account balance was $56,400 on December 31 of the prior year. Answer is not complete. Complete this question by entering your answers in the tabs below. Income Statement Statement of Retained Earnings Balance Sheet Prepare the income statement for the year ended December 31. < Prev 8 of 20 Next >

Answer 1

STARK COMPANY Retained Earnings Statement
Retained Earnings, Dec. 31 prior year end	$ 56,400
Add: Net Income	$ 39,980
	$ 96,380
Less: Dividends	($ 7,000)
Retained Earnings at the end of the Year	$ 89,380
STARK COMPANY Balance Sheet December 31
Assets
Cash		$ 26,000
Accounts Receivable		$ 5,600
Supplies		$ 1,200
Prepaid Insurance		$ 3,300
Buildings	$ 120,000
Accumulated Depreciation - Buildings	($ 23,000)	$ 97,000
Total Assets		$ 133,100
Liabilities and Stockholders' Equity
Liabilities
Accounts Payable		$ 5,500
Interest Payable		$ 420
Notes payable		$ 19,000
Unearned revenue		$ 1,200
Wages payable		$ 1,200
Total Liabilities		$ 27,320
Stockholders' Equity :
Common Stock	$ 16,400
Retained Earnings	$ 89,380
Total Shareholders Equity		$ 105,780
Total Liabilities and Stockholders' Equity		$ 133,100