1 Part 1) Corporate Financial Statements 2 3 456789D23 The following are financial statements for an unincorporated business. To the right is additional information you will use to create financial statements for an incorporated business (a corporation). Create the statements in good format. See the rubric for exact requirements. Consulting revenue Interest revenue Total Revenue Crimson Contracting Income Statement Year ended December 31, 2022 $ 245,780 2,075 $ 247,855 10 11 12 13 Revenues 14 15 16 17 18 Operating Expenses 19 Salaries expense $ 68,780 20 Rent expense 56,780 21 Depreciation expense 7,580 22 Utilities expense 3,980 23 Insurance expense 8,572 24 25 26 27 Supplies expense Total Operating Expenses Net Income 3,180 148,872 $ 98,983 28 29 With the following information, prepare these same statements as if it were a corporation. 2. The total amount of common shares is: 1. The corporation's name is Crimson Consulting Inc. 3. Dividends paid in 2022 amounted to: 4. Opening retained earnings for the year was: $ 555 $ $ 17,000 39,530 15,625