PLEASE HELP ME CREATE THE INCOME STATEMENT AND BALANCE SHEET. DOESN'T THE NET INCOME FROM THE INCOME STATEMENT HAVE TO GO ON THE BALANCE SHEET? THANK YOU 1 Prepare Pritchett's Closets & Blinds Income Statement for the year ended December 31, 2020. At the end of December 31, 2020, Pritchett's Closets & Blinds accounts are as follows: Office salaries 30,000 Interest expense 3,000 Depreciation (administration) 2,000 Cost of Goods Sold 300,000 Income tax expense 35,000 Sales salaries 40,000 Interest income 6, 000 Sales 520, 000 Advertising expense 10,000 Lease (administration) 3, 000 Promotional expenses 2,000 Sales discounts 20,000 Travel expenses 3,000 Rental costs 5,000 2 Prepare Pritchett's Closets & Blinds Balance Sheet as at December 31, 2020. At the end of December 31, 2020, Pritchett's Closets & Blinds accounts are as follows: Accumulated depreciation $100,000 Current income taxes payable 5,000 Long-term loans 25,000 Inventories 90, 000 Accounts Receivable 60,000 Fixed Assets 300,000 Accounts Payable 40,000 Mortgage 130,000 Accrued expenses 10,000 Future income taxes payable 5,000 Share capital 100, 000 Prepaid expenses 10,000 Intangible assets 20,000 Cash 25,000 Retained earnings 80,000 Short - term Loans 10,000

Prepare an income statement for the year ending December 31, 2021

Homework: Part 1 of 7 Luxe Mobile Homes reported the following in its financial statements for the year ended December 31, 2024: (Click the icon to view the financial statements) Read the requirements. 4 Data table Requirement 1. Compute the collections from customers. Collections from customers are ||| Help me solve this SEPUPPER Demodocs example Income Statement Net Sales Revenue Cost of Goods Sold Depreciation Expense Other Operating Expenses Income Tax Expense Net Income Balance Sheet Cash $ Accounts Receivable Merchandise Inventory Property, Plant, and Equipment, net Accounts Payable Accrued Liabilities Long-term Liabilities Common Stock, no par Retained Earnings Get more help - Print $ Done $ 2024 24,623 S 18,097 269 4,411 535 1,311 $ 22 $ 2023 795 3,487 4,341 1,546 935 483 676 5,005 21,674 15,458 4,283 488 1,212 19 616 2,840 3,424 1,362 848 467 444 3,778 CHL E

I only need the 5b photo question.  #2 prepare a single income statement and the analysis component. Thanks!

Required: Use the financial statements of Heifer Sports Incorporated to find the information below for Heifer. Note: Use 365 days a year. Do not round intermediate calculations. Round all answers to 2 decimal places except $ amounts and Round Average collection period to 1 decimal place. Income Statement Sales Cost of goods sold Depreciation Selling and administrative expenses EBIT Interest expense Taxable income Taxes Net income 2023 $5,750,000 3,036,000 301,400 1,614,000 $ 798,600 173,000 $ 625,600 284,500 $ 341,100 Balance Sheet, Year-End Assets Cash Accounts receivable Inventory Total current assets Fixed assets Total assets Liabilities and shareholders' equity Accounts payable Short-term debt Total current liabilities Long-term bonds Total liabilities Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 2023 $ 41,600 592,000 439,600 $ 1,073,200 2,827,000 $ 3,900,200 $ 313,300 501,000 $ 814,300 1,783,800 $2,598,100 $ 312,500 989,600 $…

The Unearned Revenue account of Melrose Incorporated began 2021 with a normal balance of $5,500 and ended 2021 with a normal balance of $16,000. During 2021, the Unearned Revenue account was credited for $19,000 that Melrose will earn later. Based on these facts, how much revenue did Melrose eam in 2021? OA. $8,500 OB. $19,000 OC. $29,500 OD. $0 OU

need help preparing an statement table   The following information relates to Oriole Co. for the year 2020. Owner’s capital, January 1, 2020   $53,827   Advertising expense   $ 2,019 Owner’s drawings during 2020   6,728   Rent expense   11,663 Service revenue   71,321   Utilities expense   3,476 Salaries and wages expense   33,081

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I need help with the homework problem in E23.5 in accounting.