Exercise 1-19A Preparing an income statement, statement of changes in stockholders' equity, and a balance sheet LO 1-5, 1-6, 1-7, 1-8 Majka Company was started on January 1, Year 1. During Year 1, the company experienced the following three accounting events: (1) earned cash revenues of $28,600, (2) paid cash expenses of $13,200, and (3) paid a $1,500 cash dividend to its stockholders. These were the only events that affected the company during Year 1. Required a. Record the effects of each accounting event under the appropriate general ledger account headings. (Enter any decreases to account balances with a minus sign.) Majka Company Accounting Equation for Year 1 Assets = Liabilities Stockholders' Equity Common Cash Retained Stock Earnings Event + + + 1. Cash revenues 2. Paid expenses 3. Paid dividend Ending balance + + b-1. Prepare an income statement dated December 31, Year 1, for Majka Company. MAJKA COMPANY Income Statement For the Year Ended December 31, Year 1 b-2 Prepare a statement of changes in stockholders' equity dated December 31, Year 1, for Majka Company. (Amounts to be deducted should be indicated with a mius sign.) MAJKA COMPANY Statement of Changes in Stockholders' Equity For the Year Ended December 31, Year 1 Beginning common stock Ending common stock Beginning retained earnings Ending retained earnings Total stockholders' equity b-3 Prepare a balance sheet dated December 31, Year 1, for Majka Company. MAJKA COMPANY Balance Sheet As of December 31, Year 1 Assets Total assets Liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity