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1. Prepare West Company's income statement for the year ended December 31,2025. ...

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Accounting

1.
Prepare West Company's income statement for the year ended December 31,2025.
2.
Prepare the statement of retained earnings for the year ended December 31,2025.
3.
Prepare the balance sheet as of December 31,2025.
Land
$8,000
Common Stock
$28,000
Notes Payable
32,000
Accounts Payable
11,000
Property Tax Expense
2,600
Accounts Receivable
1,000
Dividends
30,000
Advertising Expense
15,000
Rent Expense
13,000
Building
145,200
Salaries Expense
65,000
Cash
3,000
Salaries Payable
1,300
Equipment
16,000
Service Revenue
192,000
Insurance Expense
2,500
Supplies
10,000
Interest Expense
7,000
Retained Earnings, Dec. 31,2024
54,000

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