- A Reference ASSETS = LIAB. + EQUITY Contr. Cap. + Retained Earnings Cash + A/R + Office + Furn. = A/P + Com. - Div. + Service - Rent - Utilities Sup. Stock 40,000 Rev. 10,500 Exp. 750 Exp. 260 36,990 500 8,000 4,000 Bal. $ 45,490 45,490 Print Print Done Done Requirement 2. Prepare the financial statements. a. Income statement. (If a box is not used in the table leave the box empty, do not select a label or enter a zero.) Review the ending balances of the accounts from Requirement 1. 1 (CIIC llle ICUIT IU View lile lingCLUIS.) Read the requirements. Net Income Choose from any list or enter any number in the input fields and then click Check