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3. The records of Roadmaster Auto Rentals show the following information as of December 31, 2017, The stockholders received dividends of $52,000 during the year. Prepare a December income statement, a December statement of retained earnings, and a December 31 balance sheet Prepare a heading for each financial statement Write out the entire account name Enter dollar signs, commas, and underlines in the appropriate places Accounts payable Insurance expen Accounts receivable Common sto Airplanes Notes payable Land 36,000 expense..$75,000 22,000 11,000 15,000 39,000 217,000 60,000 etaied earnings, January ..90,00o 20,000 2,000 Advertising expense 24,000 Cash 60,000 Office Furniture 100,000 Maintenance expense 7,000 Revenues 30,000 Notes r Enter the header at the top of each financial statement. Capitalize only the first word of an account name. Use commas but do not use cents, $400 rather than $400.00. Use dollar signs and underlines as appropriate for financial statements

Income statement Enter header here Revenues Expenses Total expenses Net income Enter header here Retained earnings, January 1 Add Less Retained earnings, December 31 Balance sheet: Enter header here Assets Total assets Liabilities Total liabilities Equity Total equity Total liabilities & equity

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