1-2 3 4 5 6 7 8 9 10 Exercise 10 Prepare financial statements for Yo Corp, given the following account balances List expenses in alphabetical order and acts in order of liquidity. AP 40 AR Reained Earnings 1/1/2X Advertising Expense 16 Service Revenue 400 Cash 104 Common Stock 24 Supplies Expense 24 Dividends Machine 320 Note Payable 120 Uneamed Revenue Wage Expense Wages Payable 96 19 Prepaid Rent 16 Revenue Service Reve 400 Expenses Advertising Expense 16 Rent Expense 32 Supplies Expense Wage Expense 96 Total Expenses 160 Net Income 232 Retained Earings 1/1/2X + Net Income Dividends Retained Earnings 12/31/2X Assets 80 232 X xx xx xx ** XX Total Ass x Liabilities Total Liabilitie Shareholder's Equity Total Shareholder's Equity Total Liabilities & Equity XX xx x