Atlas, Inc. has the following assets, liabilities, revenues and expenses for the current year. The accounts are listed below in alphabetical order. The company has a December 31, 2012 year end.
Beginning retained earnings was $120,000 and dividends were $5,000 for the year. Prepare the income statement, statement of retained earnings, and balance sheet for Atlas, Inc. for the current year.

Question

Atlas, Inc. has the following assets, liabilities, revenues and expenses for the current year. The accounts are listed below in alphabetical order. The company has a December 31, 2012 year end.
  Beginning retained earnings was $120,000 and dividends were $5,000 for the year. Prepare the income statement, statement of retained earnings, and balance sheet for Atlas, Inc. for the current year.