Q1. Use the information from Activity 3 and Activity 4 and prepare the.
a. Income Statement
b. Statement of Stockholders€™ Equity
c. Balance Sheet
d. Statement of Cash Flows

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Doogie's Dog Grooming Corporation INCOME STATEMENT July Revenue Operating expenses: Wage Expense Rent Expense Supply Expense Depreciation Expense Insurance Expense S2,000 Total operating expense 4,700 Net income Doogie's Dog Grooming Corporation STATEMENT OF STOCKHOLDERS EQUITY July Common Retained Total Eamings SEauity Stock Balance, July 1 Stock issued Net income Dividends Balance, July 31 0 $44,900 Doogie's Dog Grooming Corporation BALANCE SHEET - July 31 ASSETS Cash Supply Inventory Equipment Accumulated Depreciation Prepaid Insurance $18,000 Total assets LIABILITIES Accounts Payable STOCKHOLDERS EQUITY Common Stock Retained Eamings Total liabilities & stockholders' equity S46,100 Doogie's Dog Grooming Corporatiorn STATEMENT OF CASH FLOWS- July CASH FROM OPERATING ACTIVITIES Cash from customers Insurance paid Rent paid Wages paid $20,000 S 14,100 Net cash from operating activities CASH FROMINVESTING ACTIVITIES Cash used to purchase equipment CASH FROM FINANCING ACTIVITIES Cash from issuing common stock Dividends paid 30,000 Net cash from financing activities Net change in cash Beginning cash balance Ending cash balance 25,700