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1) Prepare an income statement, statement of stockholders equity, and balance sheet using the following...

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Accounting

1) Prepare an income statement, statement of stockholders equity, and balance sheet using the following account balances and information

Beginning common stock: $120,000 Dividends: $9,000

Salary expense: $13,000 Cash: $328,000

Rent expense: $15,000 Land: $300,000

Beginning retained earnings: $31,000 Other expenses: $34,000

Notes Payable: $400,000 Stock issued: $32,000

Revenue: $116,000

2) Given the following information for a company, what was the amount of dividends that the company paid in the current period?

Beginning retained earnings: $50,000

Ending retained earnings: $115,000

Decrease in cash: $15,000

Net Income: $100,000

Change in stockholders' equity: $25,000

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