Please finish the following. All the drop down boxes are the same. If possible please include how you found values.

QUESTION 6 Not complete Marked out of 37.00 P Flag question Income Statement, Statement of Stockholders' Equity, and Balance Sheet Prag started business on January 1, 2016. The following information was compiled by Prag's accountant on December 31, 2016: Sales Revenue Expenses Dividends Cash Accounts Receivable 6,750 Common Stock Inventory $52,000 Equipment, net $27,000 49,000 8,000 Accounts Payable 8,000 49,500 33,000 41,000Building, net 5,250 Notes Payable 5,500 Retained Earnings Required You have been asked to assist the accountant for the Prag Corporation in preparing year- end financial statements. Use the above information to prepare an income statement, statement of stockholders' equity, and a balance sheet as of December 31, 2016. PRAG CORPORATION Income Statement For Year Ended December 31, 2016 Sales Revenue $52,000 Expenses 41,000 Net income 11,000