The following accounts and balances were drawn from the records of Barker Company at December 31, 2016:

Question:

The following accounts and balances were drawn from the records of Barker Company at

December 31, 2016:

Supplies ...............$ 1,000

Beginning retained earnings .......$ 9,300

Cash flow from investing act. ......(5,200)

Cash flow from financing act. .......(5,000)

Prepaid insurance ............ 1,200

Rent expense .............. 2,500

Service revenue .............65,200

Dividends .............. 3,000

Other operating expenses .........41,000

Cash ..................48,000

Supplies expense ............. 1,100

Accounts receivable ..........14,200

Insurance expense ........... 2,100

Prepaid rent .............. 4,800

Beginning common stock ........40,000

Unearned revenue ........... 6,400

Cash flow from operating act. ......15,600

Land .................24,000

Common stock issued ........... 5,000

Accounts payable ............17,000

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).

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...