Prepare financial statements (LO1-3) Tar Heel Corporation provides the following information at the end of 2021. Salaries payable to workers at the end of the year $ 2,100
Advertising expense for the year 9,200
Building that has been purchased 68,000
Supplies at the end of the year 3,400
Retained earnings 34,800
Utility expense for the year 4,800
Note payable to the bank 19,000
Service revenue recognized during the year 63,400
Salary expense for the year 25,500
Accounts payable to suppliers 6,500
Dividends paid to shareholders during the year (?)
Common stock that has been issued, including $5,000 that was issued this year 25,000
Cash remaining 4,000
Interest expense for the year 1,500
Accounts receivable from customers 12,000
Retained earnings at the beginning of the year 22,200
Required:
1. Prepare the income statement for the year ended December 31, 2021.
2. Prepare the statement of stockholders’ equity for the year ended December 31, 2021.
3. Prepare the balance sheet for the year ended December 31, 2021.

Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. the deposits will earn 5 percent compound annual interest. ifwalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?

142"what is the value of n? soefon11402bebe99918+19: 00esseeshop60-990 0esle

Kiona co. set up a petty cash fund for payments of small amounts. the following transactions involving the petty cash fund occurred in may (the last month of the company's fiscal year). may 1 prepared a company check for $350 to establish the petty cash fund. 15 prepared a company check to replenish the fund for the following expenditures made since may 1. a. paid $109.20 for janitorial services. b. paid $89.15 for miscellaneous expenses. c. paid postage expenses of $60.90. d. paid $80.01 to the county gazette (the local newspaper) for an advertisement. e. counted $26.84 remaining in the petty cashbox. 16 prepared a company check for $200 to increase the fund to $550. 31 the petty cashier reports that $380.27 cash remains in the fund. a company check is drawn to replenish the fund for the following expenditures made since may 15. f. paid postage expenses of $59.10. g. reimbursed the office manager for business mileage, $47.05. h. paid $48.58 to deliver merchandise to a customer, terms fob destination. 31 the company decides that the may 16 increase in the fund was too large. it reduces the fund by $50, leaving a total of $500.