Assume that you are the president of Rock Point Adventures Inc. At the end of the sec- ond year of operations (June 30, 2014), the following financial data for the company are available:

Required
1. Prepare an income statement for the year ended June 30, 2014.
2. Prepare a statement of retained earnings for the year ended June 30, 2014.
3. Prepare a balance sheet at June 30, 2014

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$ 2,058 Bank Overdraft Accounts Receivable 124,579 Supplies Property and Equipment 14,356 136,897 Other Assets Accounts Payable Notes Payable Other Liabilities Sales Revenue Rental Revenue 3,857 58,973 74,985 3,765 143,098 34,986 Concessions Revenue 25,873 Operating Expenses Rent Expense Concessions Expenses Other Expenses Contributed Capital Retained Earnings, July 1, 2013 Dividends 74,390 25,198 21,985 4,278 58,346 53,456 50,000