(A) What are the financial statements. Please elaborate. 10-Marks

( B) With the information given below. Please make the following Statements of accounts with the data given here.

1. Statement of account.

2. Statement of Retained earnings.

3. Balance sheet.

Cash	asset	Rs.66,800
Acco. receiveable	asset	Rs.5,000
supplies	asset	Rs.5,00
Prepaid Rent	asset	Rs.1,800
Equipment	asset	Rs.5,500
Truck	asset	Rs.8,500
Accounts payable	Liability	Rs.2,00
Common Stock	Equity	Rs.30,000
Retained Earnings	Equity	Rs.000
Service Revenue	Revenue	Rs.60,000
Utility expenses	Expense	Rs.1,200
Salary expenses	Expense	Rs.9,00