Reference no: EM133107828

Question - At the end of 2018, Practice Corporation reports the following amounts

Cash $1,200 Service revenue $64,700

Equipment 26,000 Supplies expense 4,900

Accounts payable 3,800 Buildings 31,000

Interest expense 2,800 Rent expense 10,000

Delivery expense 2,000 Supplies 2,800

Salaries expense 40,000 Salaries payable 700

In addition, the company had common stock of $34,000 at the beginning of the year and issued an additional $3,400 during the year. The company also had retained earnings of $17,100 at the beginning of the year and paid $3,000 dividend during the year.

Required - Prepare income statement, statement of stockholders' equity and balance sheet and answer the following fill-in the blanks

Net income

Ending common stock

Ending retained earning

Ending stockholders' equity

Total asset

Total liabilities