MBA560 Financial and Managerial Accounting: Module 1 P2-32 The following information was drawn

MBA560 Financial and Managerial
Accounting Module 1 Homework
P2-32 Identifying and arranging elements on financial statements
The following information was drawn from the records of Paso & Associates at December 31, 2012.
Supplies 2,500
Consulting revenue 120,000
Land 70,000
Dividends 10,000
Cash flow from fin. Activities 30,000
Interest revenue 6,000
Ending retained earnings 50,100
Cash 66,000
Interest payable 4,000
Interest expense 9,000
Unearned revenue 5,400
Notes payable 40,000
Salaries payable 9,000
Salary expense 58,000
Common stock issued 30,000
Beginning common stock 40,000
Accounts receivable 32,000
Cash flow from inv. Activities (21,000)
Cash flow form oper. Activities 18,000
Prepaid rent 8,000

Required
Use the preceding information to construct an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows. (show only the totals for each activity on the statement of cash flows).
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