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On December 31, 2019, Beths Services Company had account balances as follows: Accounts payable $...

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Accounting

On December 31, 2019, Beths Services Company had account balances as follows: Accounts payable $ 8,900 Accounts receivable 18,160 Utilities expense 3,800 Cash 11,490 Common stock 81,000 Depreciation Expense 10,000 Dividends 15,100 Insurance expense 1,475 Note Payable (long-term) 70,000 Prepaid insurance 2,000 Retained Earnings (beginning) 20,000 Salary expense 35,300 Salaries Payable 23,000 Service revenue 70,800 Supplies 950 Supplies Expense 825 Equipment (net) 174,600 Note: Use comma in numbers, one thousand is 1,000, not 1000. NO $ sign. Required: Present, in good form, (a) an income statement for 2019, (b) a statement of retained earnings for 2019, and (c) a balance sheet as of December 31, 2019. 1. Income Statement Total revenues Blank 1 Total expenses Blank 2 Net income Blank 3 2. Retained Earnings Retained earnings,1/12019 Blank 4 Add: Net Income: Blank 5 Less: Dividends Blank 6 Retained earnings,12/31/2019 Blank 7 3. Balance Sheet Total current assets Blank 8 Total long-term assets Blank 9 Total assets Blank 10 Total current liabilities Blank 11 Total long-term liabilities Blank 12 Total liabilities Blank 13 Common stock Blank 14 Retained earnings, 12/31/2019 Blank 15 Total equity Blank 16 Total Liabilities and Equity Blank 17

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