1. Hester Sports rents canoes and kayaks. Below is the adjusted trial balance at December 31. Prepare an income statement, retained earnings statement, and balance sheet. This information is for the year.

year. financial statement must be correct to earn credit. The entire Debit 1,500 2,000 100 1,600 2,800 15,000 Credit Cash Accounts Receivable Interest Receivable Prepaid Insurance Notes Receivable (Long-Term) Equipment Accumulated Depreciation Accounts Payable Accrued Expenses Payable Income Taxes Payable Unearned Rent Fees Common Stock Retained Earnings Dividends Rent Fees Earned Furniture Rental Revenue Interest Revenue Wages Expense Depreciation Expense Utilities Expense Insurance Expense Maintenance Expense 3,000 2,400 3,920 2,700 500 5,700 2,000 2000 37,000 1,200 100 19,000 1,800 320 700 9,000 2,700 58,520 Income Tax Expense Totals 58,520 in tu column iournal identifving e