1)

1. Use the relationships in the balance sheet, income statement, and retained earnings statement to determine the missing values.

   Total assets at the beginning of the year	$145,200
   Total assets at the end of the year	$
   Total liabilities at the beginning of the year	92,600
   Total liabilities at the end of the year	126,900
   Equity at the beginning of the year	$
   Equity at the end of the year	104,100
   Dividends paid during the year	$
   Net income for the year	77,500
   Revenues	554,800
   Expenses	2) The following information for Rogers Enterprises is available at December 31, 2019, and includes all of Rogers' financial statement amounts except retained earnings: Accounts receivable $72,920 Cash 13,240 Common stock (10,000 shares) 76,100 Income taxes expense 12,600 Income taxes payable 4,150 Interest expense 15,500 Notes payable (due in 10 years) 25,000 Prepaid rent (building) 31,500 Property, plant, and equipment 90,000 Rent expense 135,000 Retained earnings ? Salaries expense 235,200 Salaries payable 15,420 Service revenue 463,000 Supplies 42,200 Supplies expense 32,800 Required: Prepare a single-step income statement for the year ending December 31, 2019, for Rogers. Rogers Enterprises Income Statement For the Year Ended December 31, 2019 Revenues: Common stock Retained earnings Salaries expense Service revenue Supplies expense $ Expenses: Cash Notes payable Salaries expense Salaries payable Service revenue $ Accounts receivable Prepaid rent Property, plant, and equipment Rent expense Salaries payable Cash Common stock Service revenue Supplies Supplies expense Cash Interest expense Retained earnings Salaries payable Service revenue Accounts receivable Income taxes expense Income taxes payable Notes payable Salaries payable Net income $ Feedback Prepare a classified balance sheet for the year ending December 31, 2019, for Rogers. Rogers Enterprises Balance Sheet December 31, 2019 Assets Current assets: Cash Common stock Income taxes payable Notes payable Supplies expense $ Accounts receivable Interest expense Retained earnings Salaries payable Service revenue Income taxes expense Property, plant, and equipment Notes payable Supplies Supplies expense Income taxes payable Interest expense Prepaid rent Rent expense Retained earnings Total current assets $ Cash Accounts receivable Income taxes expense Property, plant, and equipment Service revenue Total assets $ Liabilities Current liabilities: Accounts receivable Cash Property, plant, and equipment Salaries expense Salaries payable $ Cash Common stock Income taxes expense Income taxes payable Supplies Total current liabilities $ Long-term liabilities: Income tax payable Prepaid rent Notes payable Salaries payable Supplies expense Total liabilities $ Stockholders' Equity Stockholders' equity: Accounts receivable Cash Common stock Notes payable Prepaid rent $ Accounts receivable Income taxes payable Property, plant, and equipment Retained earnings Supplies Total stockholders' equity Total liabilities and stockholders' equity $ 0 789+ 456- 123* 0.=/