Question: Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. For the current year, the company reports the following amounts:
In addition, the company had common stock of $100,000 at the beginning of the year and issued an additional $10,000 during the year. The company also had retained earnings of $21,300 at the beginning of the year and paid dividends of $4,200.
Required: Prepare the income statement, statement of stockholders' equity, and balance sheet for Gator Investments.