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BUS 100 DLS Sp 22 sareh deldarfard Homework: Assignment 1 Question 3, E1-13 (similar to) Part 1 of 3 HW Score: 46.66%. 46.66 of 100 points Points: 2.78 of 10 Save The assets, labilities, owner's equity, revenues, and expenses of Pope Company, a proprietorship, have the following final balances at December 31, 2020, the end of its first year of business. To start the business, Bruce Pope invested $106,000 (Click the icon to view the financial data.) Required 1. Prepare the income statement of Pope Company for the year ended December 31, 2020. What is Pope Company's not income or net loss for 2020? (Hint: Ignore balance sheet items.) Requirement 1. Prepare the income statement of Pope Company for the year ended December 31, 2020. What is Pope Company's net income or net loss for 2020? (Hint: Ignore balance sheet items.) Start by filling in the heading for the income statement, and then complete the body of the statement by choosing the accounts and entering the corresponding amounts. (Use parentheses or a minus sign for a net loss.)
ork: Assignment 1 Question 3, E1-13 (similar to) Part 1 of 3 HW Score: 46.66% 46.66 of 100 points Points: 2.78 of 10 ities, owner's equity, revenues, and expenses of Pope Company, a proprietorship, have the following final b 20. the end of its first year of business. To start the business, Bruce Pope invested $106,000. on to view the financial data.) Data tement of Pope Company for the year ended December 31, 2020. What is Pope Company's net in nore balance sheet items.) Х Financial Data $ $ 56,000 Note Payable Utilities Expense Accounts Payable B. Pope, Capital Service Revenue Accounts Receivable Supplies Expense Equipment 68,000 Office Furniture 24,000 Rent Expense 22,000 Cash 100,000 Office Supplies 730,000 Salaries Expense 45,000 Salaries Payable 32,000 Research Expense 102,000 62,000 27,000 67,400 470,000 6,400 41,000 Print Done