# B2: The following financial information belongs to Sky Company on December 31, 2019: Accounts Accounts Cash...

###### Question:

B2: The following financial information belongs to Sky Company on December 31, 2019: Accounts Accounts Cash Sky, Capital Supplies Sky, Drawings Salaries expense Advertising expense Depreciation expense $3,000,000 1,000,000 600,000 200,000 1,000,000 200,000 300,000 Accounts receivable Accounts payable Equipment Revenues Rent expense Utilities expense$600,000 2,200,000 1,600,000 5,000,000 200,000 500,000 | Required: Prepare the income statement, statement of owner's equity and balance sheet of Sky Company on December 31, 2019. (KN2:3 marks)

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