Snap on damage started business January 1st 2019 after receiving a loan of $10,000 from equity...

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Accounting

Snap on damage started business January 1st 2019 after receivinga loan of $10,000 from equity bank. The company also received$10,000 from an investor in return to be paid dividends at the endof the year. The company purchased a piece of land for $ 8000 toserve as a parking space for university students who go to theuniversity across the street. The company incurred $ 2500 expensesduring the year to repair the road which leads to the parking lot.The company leased the Parking lot to the university and received$3000 to cover the whole year. At the end of the year they paiddividends of $800 to the investor. REQUIRED: A. INCOME STATEMENT(NET INCOME). B. Cash flow statement C. Retained earnings statementD. Balance sheet

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1 Income Statement Amount Lease Revenue 3000 Less Repair Expense 2500 Net Income 500 2 Cash Flow Statement Amount Cash flow from operating activities Net Income 500 Net Cash flow from See Answer

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