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3. The following items are taken from the annual adjusted trial balance prepared as of December 31, Y1. All accounts have normal balances. Prepare a

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3. The following items are taken from the annual adjusted trial balance prepared as of December 31, Y1. All accounts have normal balances. Prepare a detailed Income Statement, Statement of Retained Earnings and Balance Sheet in proper order and properly labeled Delow tables. Zoom In Cash $14,000 Common Stock $??? Accounts Payable $5,000 Equipment $12,000 Accumulated Depreciation $2,000 Cost of Goods Sold $6,000 Sales $15,000 Prepaid Insurance $1,000 Dividends $1,000 Bonds Payable 5,000 Beginning Retained Earnings $2,000 Other Expenses $4,000 Sales Discounts 1,000

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