Use the following information available as of December 31 to prepare an income statement for...
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Accounting
Use the following information available as of December 31 to prepare an income statement for the year and a balance sheet at December 31tht for Glacier Company. Fees received for services performed during the year, $126,000 Accounts payable, $18,300 Accounts receivable, $17,900 Miscellaneous expenses for the year, $8,900 Supplies on he $2,900 iotes payable, - $3,000 Interest expense on the note for the year, $3,100 Equipment, $86,000 Cash on hand, $11,200 Salaries popense for the year, $71,300 Supplies expense for the year, $8,500 Rent expense for the year, $11,500 Common stock that has been issued, $57,000 Retained earnings at the end of the year, $19,700 a. Prepare an income statement for the year. b. Prepare a balance sheet at December 31st. Complete this question by entering your answers in the tabs below. Prepare an income statement for the year. Prepare an income statement for the year. Prepare a balance sheet at December 31st
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