Question: Solve the following problem Part 3: Below are the accounts for Ben Inc. The company just completed its fourth year of operations ended December 31,


Part 3: Below are the accounts for Ben Inc. The company just completed its fourth year of operations ended December 31, 2019. Prepare the (1) Income Statement and the (2) Balance Sheet for Ben Inc. Use the provided tables and add proper headings when making these statements. 213,000 34,000 275,000 8,000 4,000 Cash Accounts Payable Service Fees Revenue Supplies Expense Insurance Expense Retained Earnings, 1/1/19 Building Rent Expense Salaries Expense Supplies Inventory Maintenance Expense Contributed Capital Notes Payable Accounts Receivable Dividends (declared and paid during 2019) 41,000 80,000 10,000 56,000 32,000 7,000 46,000 32,000 16,000 2,000 Income Statement: Balance Sheet
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