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0 Use the Student Input Form (Excel File) to complete the Financial Statements Prepare a...

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Accounting

0 Use the Student Input Form (Excel File) to complete the Financial Statements Prepare a multistep income statement, a statement of stockholders' equity, and a classified balance sheet in good form for the year ended December 31, 20X1. The balances listed below are for December 31 and already include the journal entries you just prepared except for the stockholders' equity accounts. The balances listed for the stockholders' equity accounts are the January 1 balances. You will need to utilize the journal entries you just prepared to complete the Statement of Stockholders' Equity.

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\begin{tabular}{|l|r|r|} \hline Dividend revenue & & 880 \\ \hline Interest revenue & & 2,970 \\ \hline Income of Masco Company & & 22,000 \\ \hline Cost of goods sold & 440,000 & \\ \hline Advertising expense & $11,000 & \\ \hline Depreciation expense-store buildings and equipment & 7,700 & \\ \hline Miscellaneous selling expenses & 5,500 & \\ \hline Sales commissions & 22,000 & \\ \hline Office rent expense & 55,000 & \\ \hline Office salaries expense & 66,000 & \\ \hline Miscellaneous administrative expenses & 1,100 & \\ \hline Interest expense & 5,500 & \\ \hline Income tax expense & 44,000 & \\ \hline \end{tabular}

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