Question

Tiffany’s provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts:


In addition, the company had common stock of $60,000 at the beginning of the year and issued an additional $15,000 during the year. The company also had retained earnings of $20,000 at the beginning of the year and paid dividends of $3,500.

Required:
Prepare the income statement, statement of stockholders’ equity, and balance sheet forTiffany’s.


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  • CreatedJuly 15, 2014
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