Dzen International Incorporated has a list of accounts in alphabetical order at the end of its first year of operations ending December 31,

Current Year.

Accounts Payable $ 700
Accounts Receivable 500
Inventories 800
Cash 900
Common Stock 1,000
Dividends 200
Properties, net 1,000
Income Tax Expense 400
Insurance Expense 500
Interest Expense 100
Notes Payable 1,500
Rent Expense 1,200
Retained Earnings ?question mark
Sales Revenue 4,000
Supplies 100
Cost of Goods Sold 700
Utilities Expense 800

REQUIRED:
Create an Income Statement. Create a Statement of Stockholders’ Equity.
Create a Balance Sheet.

Navigation:

Use the Open Excel in New Tab button to launch this question.
When finished in Excel, use the Save and Return to Assignment button in the lower right to return to Connect.
Dzen International Incorporated
Income Statement
Sales Revenue
Cost of Goods Sold
Insurance Expense
Interest Expense
Rent Expense
Utilities Expense
Income Tax Expense

Note: Negative amounts or amounts to be deducted should be input and displayed as negative values. All other answers should be input and displayed as positive values.
Dzen International Incorporated
Statement of Stockholders’ Equity
Common Stock Retained Earnings
Dzen International Incorporated
Balance Sheet

Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work.
Nothing in this area will be graded, but it will be submitted with your assignment.