ACC 1810- Principles of Financial Accounting In-class activity # 2-Preparation of Financial Statements Problem 1-3B to1-5B Preparing financial statements - As of December 31, 2018, Audi Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock $2,000 1,800 1,200 1,000 3,700 1,100 800 1,200 2,600 6,600 4,400 4,000 2,400 1,600 Retained earnings, Dec. 31, 2017 Retained earnings, Dec. 31, 2018 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses Required - Prepare the 2018 year-end income statement, statement of retained earnings and balance sheet for Audi Company ACC 1810- Principles of Financial Accounting In-class activity # 2-Preparation of Financial Statements Problem 1-3B to1-5B Preparing financial statements - As of December 31, 2018, Audi Company's financial records show the following items and amounts. Cash Accounts receivable Supplies Equipment Accounts payable Common stock $2,000 1,800 1,200 1,000 3,700 1,100 800 1,200 2,600 6,600 4,400 4,000 2,400 1,600 Retained earnings, Dec. 31, 2017 Retained earnings, Dec. 31, 2018 Dividends Consulting revenue Rental revenue Salaries expense Rent expense Selling and administrative expenses Required - Prepare the 2018 year-end income statement, statement of retained earnings and balance sheet for Audi Company