Objective: Students will be able to create a financial statement using information learned from Financial Accounting. Question #1 - Learning Objective: 01-03 Kentucky Jerky, Incorporated reports the following amounts at the end of the year: Cash Buildings $3,200 Service Revenue $92,500 60,000 Salaries Expense 72,800 Accounts Payable 8,500 Equipment 72,000 Interest Expense 4,000 Supplies 6,400 Advertising Expense 11,300 Notes payable 40,000 In addition, the company had common stock of $65,000 at the beginning of the year and issued an additional $5,000 during the year. The company also had retained earnings of $20,700 at the beginning of the year and paid dividends of $2,000 during the year. Prepare the income statement, statement of stockholders' equity, and balance sheet. Question #2 - Learning Objective: 01-03 Below are incomplete financial statements for Priceline, Incorporated. Calculate the missing amounts. Income Statement Statement of Stockholders' Equity Retained Revenues S(a) Common Stock Earnings Expenses: Salaries 8,000 Beginning Issuances $25,000 $12,000 (0) Delivery 7,000 Net income 5,000 Utilities 5,000 Dividends (d) Net income (b) Ending $30,000 $15.000 Balance Sheet Assets: Liabilities: Salaries 8,000 Issuances (c) Delivery 7,000 Net income 5,000 Utilities 5.000 Dividends (d) Net income (b) Ending $30,000 $15.000 Balance Sheet Assets: Liabilities: Cash Supplies $15,000 Accounts payable 15,000 7,000 Stockholders' Equity: Prepaid rent Equipment (e) 35,000 Common stock (g) Retained earnings (h) Total assets (f). Total liabilities and stockholders' equity (j) Question #3 - Learning Objective: 01-03 Below is cash flow information for five independent situations. Calculate the answer to each. A. A company reports operating cash flows of $3,200, investing cash flows of $700, and financing cash flows of -$400. What is the amount of the change in total cash? B. A company reports operating cash flows of $1,800, investing cash flows of -$400, and financing cash flows of -$1,100. If the beginning cash amount is $500, what is the ending cash amount? C. A company reports operating cash flows of $700, investing cash flows of $300, and a change in total cash of $100. What is the amount of cash flows from financing activities? D. A company reports operating cash flows of $600, financing cash flows of $400, and a change in total cash of $100. What is the amount of cash flows from investing activities? E. A company reports investing cash flows of -$1,400, financing cash flows of $900, and a change in total cash of $200. What is the amount of cash flows from operating activities