9 Part 1 of 2 ine youowing is the adjusted trias calance or Sierra Company Account...

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9 Part 1 of 2 ine youowing is the adjusted trias calance or Sierra Company Account Title Cash Sierra Company Adjusted Trial Balance December 31 10 point Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Debit $41,000 2,300 7,600 110,000 10 10 Priva Credit Conson stock Retained earnings Dividends Consulting revenue Mages expense Depreciation expense-Buildings Insurance expense Totals $30,000 11,500 12,000 24,000 13,500 10,000 99,500 5,300 11,000 3,300 $ 190,500 $ 190,500 (1) Prepare an income statement for the year ended December 31 (2) Prepare a statement of retained earnings for the year ended December 31. The Retained eamings account balance was $13,500 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year ended December 31. SIERRA COMPANY Income Statement Check my work 9 Part 1 of 2 ine youowing is the adjusted trias calance or Sierra Company Account Title Cash Sierra Company Adjusted Trial Balance December 31 10 point Prepaid insurance Notes receivable (due in 5 years) Buildings Accumulated depreciation-Buildings Accounts payable Notes payable (due in 3 years) Debit $41,000 2,300 7,600 110,000 10 10 Priva Credit Conson stock Retained earnings Dividends Consulting revenue Mages expense Depreciation expense-Buildings Insurance expense Totals $30,000 11,500 12,000 24,000 13,500 10,000 99,500 5,300 11,000 3,300 $ 190,500 $ 190,500 (1) Prepare an income statement for the year ended December 31 (2) Prepare a statement of retained earnings for the year ended December 31. The Retained eamings account balance was $13,500 on December 31 of the prior year Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an income statement for the year ended December 31. SIERRA COMPANY Income Statement Check my work