COMPREHENSIVE PROBLEM You have been approached by Janet Jones about helping her assemble a set of December 31 financial statements for her new business. Janet began the operations of her bakery shop on January 1, 2019. Janet decided that she did not want to risk any personal liability resulting from operating the business; consequently, she organized the bakery, called Sweet Pleasures, as a corporation. Required Use the format of Exhibits 1-6 through 1-9 to prepare an income statement, statement of stockholders equity. balance sheet, and statement of cash flows for Sweet Pleasures as of December 31, 2019. Use the account titles and balances provided below. Be sure to use proper underlining and double underlining. Sales of goods .. . .. .. $200,000 Dividends ..... 10,000 Cash. . ...... 99,000 Bank loan payable . .. . . . 20,000 Rent expense. . 16,000 Accounts receivable. 40,000 Interest payable 1,600 Cash received from operating activities . 160,000 Cash received from issuance of common stock. 50,000 Cash payments for operating activities. .. . . 94,000 Insurance exporise. . .. . . . 20,000 Sellary expense. .. . . .. ... ... - . . . . 40.000 Purchase of equipment 27,000 Cash received from borrowing from bank . . . 20,000 Equipment . . . . . . 27000 Interest expense. . . . . . . . . .. -......" 1.600 Common stock . . . . . . 50,000 Administrative expense .. . . . ... 18,000 Cash dividends paid. . . . . 10,000