Top Hat Chapter 1 Pmx ES com/plat php?attempt-12710058page 8 strassera@xa.. Waylens Horizon X Xavier University E Menu My Subscriptions/Courses/ ACCT200:10-Weick Chapter 1/Chapter 1 Practice Set (not graded) CLICK HERE TO REVIEW LEARNING OBJECTIVES QUESTION 9 Not complete Marked out of 1.00 Rag question Income Statement, Statement of Stockholders Equity, and Balance Sheet Napolean Corporation started business on january 1, 2016. The following information was compiled by Napolean's accountant on December 31, 2016: Sales Revenue $32,000 Equipment, net $28,000 20,000 Building net 59,000 5,000 Accounts Payable 7,000 3,250 Notes Payable 50,500 Cash Accounts Receivable 2,750 Common Stock 33,000 4,500 Retained Earnings You have been asked to assist the accountant for the Napolean Corporation in preparing financial statements. Use the above information to prepare an income statement, statement of stockholders equity, and a balance sheet as of December 31, 2016. NAPOLEAN CORPORATION 2018 Advisor A.,pdf MacBook Air FS ok 4 5