Napolean Corporation started business on January 1. The following information was compiled by Napolean's accountant on...

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Napolean Corporation started business on January 1. The following information was compiled by Napolean's accountant on December 31- Sales Revenue $32.000 Equipment, net $28,000 20.000 Building net 59.000 5.000 Accounts Payable 17,000 3.250 Notes Payable 50,500 33,000 Expenses Dividends Cash Accounts Receivable Inventory 2,750 Common Stock 4.500 Retained Earnings Prepare Income statement, Balance sheet Statement of stockholders equity Napolean Corporation started business on January 1. The following information was compiled by Napolean's accountant on December 31- Sales Revenue $32.000 Equipment, net $28,000 20.000 Building net 59.000 5.000 Accounts Payable 17,000 3.250 Notes Payable 50,500 33,000 Expenses Dividends Cash Accounts Receivable Inventory 2,750 Common Stock 4.500 Retained Earnings Prepare Income statement, Balance sheet Statement of stockholders equity

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Income Statement Sales Revenue 32000 Less Cost of Goods Sold Inventory 4500 Gross Pr... View the full answer