Prat lCorp. started the 2013 accounting period With $31,000 of assets (all cash], $12,500 of liabilities, and $5,000 of common stock. During the…

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Prat lCorp. started the 2013 accounting period With $31,000 of assets (all cash], $12,500 of liabilities, and $5,000 ofcommon stock. During the year, the Retained Earnings account Increased by $8,550. The bookkeeper reported that Pratpald cash expenses of $26,500 and paid a $2,100 cash dividend to the stockholders, but she could not find a record of the amount of cash that Prat received for performing services. Prat also paid $4,000 cash to reduce the liability owed tothe bank, and the business acquired $6,900 of additional cash from the issue of common stock. Required [Hint Determine the amount of beginning retained earnings before considering the efiects of the current period events. rt also mighthelp to record all events under an accounting equation before preparing the statements.) o-1. Prepare an Income statement for the 2018 accounting period.o-z Prepare a statement of changes In stockholders equity for the 2018 accounting period. o-3. Prepare a periodend balance sheet for the 2018 accounting period.:4. Prepare a statement of cash flows for the 2018 accountjng period. Complete this question by entering your answers in the labs below. ‘ Req A]. Req A2 Req A3 Req M Prepare an income statement for the 2018 accounljng period.