Use the following information available at the end of 2012 to prepare an income statement and balance sheet on December 31,2012,for Goldie Company.
Fees for services performed during the year,$120,000
Accounts payable,$18,500
Accounts receivable,$17,300
Miscellaneous costs for the year,$8,700
Supplies on hand,$2,700
Notes payable outstanding,$30,000
Interest cost on the note for the year,$3,000
Equipment,$84,400
Cash on hand,$11,200
Salaries cost for the year,$71,500
Supplies cost for the year,$9,400
Rent cost for the year,$12,000
Common stock that has been issued,$60,000
Retained earnings at the end of the year,$7,100
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