1 The following accounts are taken from Equilibrium Riding, Incorporated, a company that specializes in occupational therapy and horseback riding lessons, as of December 31. EQUILIBRIUM RIDING, INCORPORATED Unadjusted Trial Balance At December 31 1.87 points Cash Account Name Accounts Receivable Prepaid Insurance Debits Credits $ 62,250 5,100 7,050 eBook Print References Equipment Land Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Repairs and Maintenance Expense Office Expense Totals Required: 75,900 30,450 $ 25,800 2,400 76,000 5,000 49,780 B 29,400 6,650 475 505 $ 188,380 $ 188,380 1. Using the unadjusted trial balance provided, create an Income Statement for Equilibrium Riding, Incorporated, for the year ended December 31. 2. Using the unadjusted trial balance provided, create a Statement of Retained Earnings for Equilibrium Riding, Incorporated, for the year ended December 31. If there are no dividends, include a line that reports Dividends of zero. 3. Using the unadjusted trial balance provided, create a classified Balance Sheet for Equilibrium Riding, Incorporated, for the year ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the unadjusted trial balance provided, create a Statement of Retained Earnings for Equilibrium Riding, Incorporated, for the year ended December 31. If there are no dividends, include a line that reports Dividends of zero. EQUILIBRIUM RIDING, INCORPORATED Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings, December 31