The income statement for the year ended
December 31, 2009, the balance sheets for December 31, 2009 and 2008, and the
Statement of retained earnings for the year ended December 31, 2009, for Technica,
Inc. are given on pages 82 and 83. Briefly discuss the form and informational content
Of each of these statements.

First, be aware that this is not a homework service site.
Secondly, I don't think I have your book to see what the balance sheets look like...

25. The records of Sky master. Airplane Rentals show the following information as of December 31, 2009

Dividends of $52,000 were paid during 2009.
Using the above information, prepare a balance sheet and income statement at December 31, 2009.

Correction: here's the entire problem I need help solving:

25. The records of Sky master. Airplane Rentals show the following information as of December 31, 2009

Accounts Payable $36,000
Insurance Expense $2,000
Accounts Rcvble $24,000
Retained earnings dec. 31, 2008 $130,000
Airplanes $150,000
Notes Payable $47,000
Hangar $60,000
2009 Wages expenses $75,000
2009 Advertising expenses $22,000
Cash $11,000
Common Stock $20,000
Office furniture $15,000
2009 Maintenance expenses $39,000
2009 Revenues $217,0000

Dividends of $52,000 were paid during 2009.
Using the above information, prepare a balance sheet and income statement at December 31, 2009.

My attempt: My assets and OE is not matching... Can anyone help? I have $378,000 for OE and $260,000 for Assets? Uggghhh..

Set-up a Worksheet for this as it will make things easier for you.

Your Assets are correct at $260,000
Your Liabilities are $83,000
So your ending Owners Equity will be $260,000 minus $83,000

The difference between your revenues and expenses is net income on the Income Statement, which will be added to Retained Earnings on the Balance Sheet. Also the cash dividends will be deducted from Retained Earnings on the balance sheet.

Attached is a sample Worksheet. Your debits and credits on your Worksheet should equal 450,000