Reference no: EM133004439

During December, $41,000 of dividends were paid. The amounts of the various accounts are below. On December 1, 2019, the amount of Retained Earnings account in Baker's Catering Company was $140,000, and the common stock had no beginning balance.

Salary expense $20,300
Accounts payable 10,250
Accounts receivable 25,950
Fees earned 50,500
Insurance expense 1,275
Land 85,400
Prepaid insurance 2,000
Rent expense 9,000
Supplies 900
Supplies expense 525
Utilities expense 2,800
Common Stock 9,000
Miscellaneous Exp 1,210
Cash 19,390

Problem 1: Provide (a) an income statement, (b) a Statement of Stockholders' Equity and (c) Balance Sheet