Reference no: EM132635906

Presented here are the accounts of Hometown Decor Company for the year ended December 31?, 2018.

Data table

Land 13000                         common stock 28000

Note payable 33000             acct payable 14000

Property tax expense 2800   acct receivable 800

Dividends 36000                 advertising expense 1700

Rent expense 14,000            building 170,400

Salaries payable 67,000         cash 2800

Service revenue 22500         equipment 17000

Office supplies 8000           interest expenses 6800

Retained earnings, dec 31 2017 56,000

Requirements

Problem 1. Prepare Hometown Decor Company's income statement.

Problem 2. Prepare the statement of retained earnings.

Problem 3. Prepare the balance sheet.