Question: Prepare the following income statement, statement of changes in stockholders equity, a balance sheet, and a statement of cash flow for the following information
1. Received 16000 cash from the issue of common stock.
2. Performed services on account for 45000
3. Paid the utility expense of 1050
4. Collected 35500 of the accounts recievable
5. Recorded 6300 of accrued salaries at the end of the year
6. Paid a 1200 cash dividend to the shareholder's