Using the following prepare an income statement a statement

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Reference no: EM13453875

Using the following, prepare an income statement, a statement of retained earnings, and an income statement for the year ended 12/31/2013.

ACCOUNTS PAYABLE		$10,000
ACCOUNTS RECEIVABLE	$15,000
ACCUMULATED DEPRECIATION, EQUIPMENT		5,000
ADMINISTRATIVE EXPENSES	5,200
CASH	11,500
COMMON STOCK		20,500
COST OF GOODS SOLD	25,000
EQUIPMENT	20,000
RETAINED EARNINGS		700
SALARIES PAYABLE		3500
SALES		40000
SELLING EXPENSES	3,000
TOTALS	$ 79,700.00	$ 79,700.00

Reference no: EM13453875

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