it says my answer is "not complete" and I dont know what I'm...

it says my answer is "not complete" and I dont know what I'm missing!!

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Required information Problem 3—32A Comprehensive problem: single cycle LO 3-1, 3-2, 3-3, 3-4 [The following information applies to the questions displayed below] The following transactions pertain to Smith Training Company for Year 1: Jan. 30 Established the business when it acquired $45,000 cash from the issue of common stock. Feb. 1 Paid rent for office space for two years, $24,000 cash. Apr. 10 Purchased $3,200 of supplies on account. July 1 Received $24,000 cash in advance for services to be provided over the next year. 20 Paid $1,500 of the accounts payable from April 10. Aug. 15 Billed a customer $18,000 for services provided during August. Sept.15 Completed a job and received $8,400 cash for services rendered. Oct. 1 Paid employee salaries of $12,000 cash. 15 Received $15,000 cash from accounts receivable. Nov. 16 Billed customers $42,000 for services rendered on account. Dec. 1 Paid a dividend of $15,000 cash to the stockholders. 31 Adjusted records to recognize the services provided on the contract of July 1. 31 Recorded $3,600 of accrued salaries as of December 31. 31 Recorded the rent expense for the year. (See February 1.) 31 Physically counted supplies; $280 was on hand at the end of the period.

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Problem 3-32A Part d d. Prepare an income statement, statement of changes in stockholders' equity, balance sheet, and statement of cash flows for Year 1. (Statement of Cash Flows only, items to be deducted must be indicated with a negative amount.) 6 Answer is not complete. Income Statement Service revenue 0 $ 80,400 0 Expenses Salaries expense 0 $ 15,600 0 Rent expense 0 11,000 a Supplies expense 0 2,920 0 Total expenses 29,520 $ 50,880 Statement of Changes in Stockholders' Equity Beginning common stock 0 0 0 Plus: Stock issued 0 45,000 0 Ending common stock 0 45,000 Beginning retained earnings 0 $ 0 a Plus: Net income 0 50,880 0 Less: Dividends 0 (15.000) 0 Ending retained earnings 0 35,880 Total Stockholders' Equity $ 80,880

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