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Income statements, retained earnings, and balance sheet for dickens


Dickens Corp.’s fiscal year ends on December 31. It started fiscal year 20X6 with $4,800 retained earnings. Below is its financial information as of December 31, 20X6.  



Depreciation expense 


Accumulated depreciation-property, plant, & equipment 


Accounts receivable 






Salaries and wages expense 


Income tax payable 


Short-term investment 


Accounts payable 


Property, plant, & equipment 


Salaries and wages payable 




Interest expense 


Mortgage payable 


Cost of goods sold 


Insurance expense 


Prepaid insurance 


Notes payable 


Sales Revenue 


Common stock 


Income tax expense 


Prepare the following financial statements for Dickens Corp. Ensure you include appropriate headings and statements are in good form.

1.     Income statement for the year ended December 31, 20X6.

2.     Retained earnings statement for the year ended December 31, 20X6.

3.     Classified balance sheet as of December 31, 20X6.



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