Gator Investments provides financial services related to investment selections, retirement planning, and general insurance needs. At the end of the year on December 31, 2021, the company reports the following amounts: Advertising expense $31,700 Service revenue $118,600
Buildings 132,000 Interest expense 1,700
Salaries expense 63,300 Utilities expense 13,700
Accounts payable 4,600 Equipment 18,000
Cash 3,700 Notes payable 21,000
In addition, the company had common stock of dollar 100.000 at the beginning of the year and issued an additional dollar 12,000 during the year. The company also had retained earnings of dollar 27,300 at the beginning of the year and paid dividends of dollar 5,000.
Required:
1. Prepare the income statement for Gator Investments.
2. Prepare the statement of stockholders' equity for Gator Investments.
3. Prepare the balance sheet for Gator Investments.

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.