Aooounting IE l[itine Written Assignment Chapter 15 Using the account balances and heading listed beIo'I-Iv, complete the Financial Statments [with proper headings} for tile fiscal year ended December 3 l, 211]]? for Mitchell Company 11111111111111: 1 11111111 Accmrsmwm 11111 11111 1cm 11111111111 m 111m nmsmmm \"m 11111111111111: 1111111111.: 11111 as 11111 Common Stock 121111113111:st cmmmues among 11mm 15111 1111111111 121111:- chmes Goodwin moon-111111111111: 2,211 M 111111 Headings: Current Assets, Long-Tenn Investments, Property, Plant and Equipan Intangible Assets, Total Assets, Current Liabilities, Long Term Liabilities, Stockholdets' Equity, Income from Operations, Income Before Inoome Tax Mitchell Company Income Statement Ell]? Itil $ 30,001] 9,311] Gross Prot 30,00] 10,2131] 25,111] 115,211] Income From QEretions 33,111] 29,1]01] 2,1111] mormm 3113110 16131111 1310\" Net Income $29303 $ 25,111] Statenlmt of Retained Earnings m1? ems 5 55,0011 Add: 25,001} Mitche Cempranj.r Balance Sheet 201'? 20115 $13,000 "1,000 50,000 2,000 20,000 5,000 500 Total Current Assets $112,000 $ 102,500 12,000 25 000 Total Lug-Term Investments $31,000 $ 32,000 Land 446,000 32,000 13 000 Tetal PmLe Plant and Enigma! $10,000 $ 91,000 2,500 2,500 _ Tutal 13,\" 1E,000 Tots-Insets m M M. Baker Pa; 2 $ 03,000 5 31,000 Ammng 1E [bitle Written Alsigtnrlent Chapter 15 Current Liabilities 20,000 3,000 Uneamed Revenue - 16,000 12,250 Total Current liabilities $33,111) 3 51,250 Mort able 53,250 13,000 Total Long Term Liabilities (\"SEED $ 93,250 10,000 15,000 Retained Emnings 31,000 less: _'l._l} Total Stockholders E91. $121,021"! 104,000 Total Liab and S Equity-r ; 24;,500