Question: please answer quickly and completely Prepare an income statement ( 9 points) and statement of stockholder's equity ( 4.5 points) for 2021 , as well

please answer quickly and completely  please answer quickly and completely Prepare an income statement ( 9
points) and statement of stockholder's equity ( 4.5 points) for 2021 ,
as well as a classified balance sheet (14 points) as of December
31,2021. \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Aecounts } & \multicolumn{1}{c|}{ Debits } & Credits
\\ \hline Cash & 590,000 & \\ \hline Accounts Receivable & 8,000
& \\ \hline Allowance for Uncollectible Accounts & & 300 \\ \hline
Inventory & 3,000 & \\ \hline Deferred Revenue & & 500 \\
\hline Note payable & & 60,000 \\ \hline Common Stock & &

Prepare an income statement ( 9 points) and statement of stockholder's equity ( 4.5 points) for 2021 , as well as a classified balance sheet (14 points) as of December 31,2021. \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Aecounts } & \multicolumn{1}{c|}{ Debits } & Credits \\ \hline Cash & 590,000 & \\ \hline Accounts Receivable & 8,000 & \\ \hline Allowance for Uncollectible Accounts & & 300 \\ \hline Inventory & 3,000 & \\ \hline Deferred Revenue & & 500 \\ \hline Note payable & & 60,000 \\ \hline Common Stock & & 20,000 \\ \hline Retained Earnings & & 20,200 \\ \hline Totals & S101,000 & S101,000 \\ \hline \end{tabular} 2. Hecord adjusting entries (av) (a)i) Supplies Expense 1,000 Supplies (a2) intrest Expense 1,500 intrest payable 1,500 (a3) Depreciation Expense 5,000 accrued depreciation 5.000 (a4) Bad debt expense 300 Alloware (6) cash 68.000 ACC Recievable 68,000 (ace colected) (7) ACCpayableCash25,00025,000 (ace payable paid) Supplies 3,000 cash 3,000 (Supplias purchaxd) Stationary 100 acc payable 100 1. Record transactions (a) through (h). (a) Equipment 25,000 Acc payable 25.000 (equipment purchased on acc) (b) inventory 60,000 cash 60,000 (inventory for (ash) (c) ACC Receviable Cost of goods sod 40,000 ServiceRev45,00040,000 (incentorg sole on ace) (d) maintenaree expense 4.000 cash 4,000 (annual maintenace) Beach Chairs Inc. Statement of Stockholder's Equity Balance December 31,2021 Beach Chairs inc. Balance sheet. As of December 31, 2021 Current Assets: Long-term liabilities: Stockholder's Equity: Total Assets: Total Liabilities + Equity: 17 Prepare an income statement ( 9 points) and statement of stockholder's equity ( 4.5 points) for 2021 , as well as a classified balance sheet (14 points) as of December 31,2021. \begin{tabular}{|l|r|r|} \hline \multicolumn{1}{|c|}{ Aecounts } & \multicolumn{1}{c|}{ Debits } & Credits \\ \hline Cash & 590,000 & \\ \hline Accounts Receivable & 8,000 & \\ \hline Allowance for Uncollectible Accounts & & 300 \\ \hline Inventory & 3,000 & \\ \hline Deferred Revenue & & 500 \\ \hline Note payable & & 60,000 \\ \hline Common Stock & & 20,000 \\ \hline Retained Earnings & & 20,200 \\ \hline Totals & S101,000 & S101,000 \\ \hline \end{tabular} 2. Hecord adjusting entries (av) (a)i) Supplies Expense 1,000 Supplies (a2) intrest Expense 1,500 intrest payable 1,500 (a3) Depreciation Expense 5,000 accrued depreciation 5.000 (a4) Bad debt expense 300 Alloware (6) cash 68.000 ACC Recievable 68,000 (ace colected) (7) ACCpayableCash25,00025,000 (ace payable paid) Supplies 3,000 cash 3,000 (Supplias purchaxd) Stationary 100 acc payable 100 1. Record transactions (a) through (h). (a) Equipment 25,000 Acc payable 25.000 (equipment purchased on acc) (b) inventory 60,000 cash 60,000 (inventory for (ash) (c) ACC Receviable Cost of goods sod 40,000 ServiceRev45,00040,000 (incentorg sole on ace) (d) maintenaree expense 4.000 cash 4,000 (annual maintenace) Beach Chairs Inc. Statement of Stockholder's Equity Balance December 31,2021 Beach Chairs inc. Balance sheet. As of December 31, 2021 Current Assets: Long-term liabilities: Stockholder's Equity: Total Assets: Total Liabilities + Equity: 17

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