Gator Investments provides financial services related to investment selections, retirement planning, and general Insurance needs. At...

     

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Gator Investments provides financial services related to investment selections, retirement planning, and general Insurance needs. At the end of the year on December 31, 2021, the company reports the following amounts Advertising expense Buildings Salaries expense Accounts payable Cash $33,400 Service revenue 149,000 Interest expense 65,000 Utilities expense 6,300 Equipment 5,400 Notes payable $127,100 3,400 15,400 24,500 29,500 In addition, the company had common stock of $110,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $20,300 at the beginning of the year end paid dividends of $5,100 Required: 1. Prepare the income statement for Gator Investments. 2. Prepare the statement of stockholders' equity for Gator Investments 3. Prepare the balance sheet for Gator Investments Gator Investments provides financial services related to investment selections, retirement planning, and general Insurance needs. At the end of the year on December 31, 2021, the company reports the following amounts Advertising expense Buildings Salaries expense Accounts payable Cash $33,400 Service revenue 149,000 Interest expense 65,000 Utilities expense 6,300 Equipment 5,400 Notes payable $127,100 3,400 15,400 24,500 29,500 In addition, the company had common stock of $110,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $20,300 at the beginning of the year end paid dividends of $5,100 Required: 1. Prepare the income statement for Gator Investments. 2. Prepare the statement of stockholders' equity for Gator Investments 3. Prepare the balance sheet for Gator Investments

Answer rating: 100% (QA)

1 Income Statement for Gator Investments for the year ending December 31 2021 Service Revenue ... View the full answer