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IE$1-1$ Preparing an Income Statement, Statement of Stockholders' Equity, and Balance Sheet

Dzen International Incorporated has a list of accounts in alphabetical order at the end of its first year of operations ending December $31,$ Current Year.

Accounts Payable $ $700$

Accounts Receivable $500$

Inventories $800$

Cash $900$

Common Stock $1,000$

Dividends $200$

Properties, net $1,000$

Income Tax Expense $400$

Insurance Expense $500$

Interest Expense $100$

Notes Payable $1,500$

Rent Expense $1,200$

Retained Earnings $?$question mark

Sales Revenue $4,000$

Supplies $100$

Cost of Goods Sold $700$

Utilities Expense $800$

Required:

Create an Income Statement.

Create a Statement of Stockholders' Equity.

Create a Balance Sheet.

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