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In: Accounting

The following accounts and balances were drawn from the records of Barker Company at December 31,...

The following accounts and balances were drawn from the records of Barker Company at December 31, 2018:

Supplies $ 770 Beginning retained earnings $ 18,000
Cash flow from investing act. (6,900 ) Cash flow from financing act. (5,600 )
Prepaid insurance 2,500 Rent expense 2,600
Service revenue 85,000 Dividends 5,400
Other operating expenses 43,000 Cash 12,300
Supplies expense 240 Accounts receivable 18,000
Insurance expense 1,200 Prepaid rent 4,900
Beginning common stock 900 Unearned revenue 6,900
Cash flow from operating act. 7,000 Land 38,000
Common stock issued 5,700 Accounts payable 12,410

Required

Use the accounts and balances from Barker Company to construct an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows).

Use the accounts and balances from Barker Company to construct an income statement.

BARKER COMPANY
Income Statement
For the Year Ended December 31, 2018
Revenue      
Total revenue $0
Expenses
Total expenses 0
$

Use the accounts and balances from Barker Company to construct statement of changes in stockholders’ equity.

BARKER COMPANY
Statement of Changes in Stockholders’ Equity
For the Year Ended December 31, 2018
Beginning common stock   
Ending common stock $0
Beginning retained earnings
Ending retained earnings 0
Total stockholders’ equity $0

Use the accounts and balances from Barker Company to construct balance sheet.

BARKER COMPANY
Balance Sheet
As of December 31, 2018
Assets   
Total assets $0
Liabilities
Total liabilities $0
Stockholders’ Equity
Total stockholders’ equity 0
Total liabilities and stockholders’ equity $

Use the accounts and balances from Barker Company to construct statement of cash flows (show only totals for each activity on the statement of cash flows). (Amounts to be deducted and cash outflows should be indicated with a minus sign.)

BARKER COMPANY
Statement of Cash Flows
For the Year Ended December 31, 2018
Cash flow from operating activities
Cash flow from investing activities
Cash flow from financing activities
Net change in cash (5,500)
Ending cash balance $12,300

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