Use the Following Accounts and Information to Prepare,in Good Form,an

Essay

Use the following accounts and information to prepare,in good form,an income statement,statement of retained earnings,and balance sheet for Jasper Enterprises for the year ended December 31,2013.
$\begin{array}{lrlr}\text { Accounts Payable } & \$ 9,600 & \text { Land } & \$ 78,000 \\\text { Accounts Receivable } & 1,200 & \text { Notes Payable } & 12,000 \\\text { Buildings } & 104,000 & \text { Rent Expense } & 7,200 \\\text { Cash } & 52,400 & \text { Retained Earnings, }& 168,800 \\& & \text { December 31, 2012 } \\\text { Sales Revenues } & 38,000 & \text { Salaries Expense } & 16,800 \\\text { Common Stock } & 40,000 & \text { Inventory } & 800 \\\text { Dividends } & 6,000 & & \\\text { Utilities Expense } & 2,000 & &\end{array}$