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Accounting
The following information was drawn from the records of Ruth

The following information was drawn from the records of Ruth

The following information was drawn from the records of Ruth & Associates at December 31, 2010.

$ 3,000 $ 8,000 Supplies Consulting revenue Land Dividends Cash flow from fin. activities Interest revenue Ending retain

Required

Use the preceding information to construct an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows. (Show only totals for each activity on the statement of cash flows.)

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$ 3,000 $ 8,000 Supplies Consulting revenue Land Dividends Cash flow from fin. activities Interest revenue Ending retained earnings Cash Interest payable Interest expense Unearned revenue Notes payable Salaries payable Salary expense Common stock issued Beginning common stock Accounts receivable Cash flow from inv. activities Cash flow from oper. activities Prepaid rent 100,000 63,000 10,000 20,000 4,000 60,000 52,000 2,000 5,000 32,000 7,000 47,000 15,000 25,000 26,000 (30,000) 32,000 5,000