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Answer the following question. Submit this portion as a Word document or Excel spreadsheet. The following is the trial balance for Last Minute Services, Inc.:

Answer the following question. Submit this portion as a Word document or Excel spreadsheet.

The following is the trial balance for Last Minute Services, Inc.:

Last Minute Services, Inc. Trial Balance For the Year Ended December 31, 201X

Dr Cr
Cash $70,250
Accounts Receivable 20,960
Office Equipment 45,000
Accumulated Depreciation 6,500
Accounts Payable 42,250
Common Stock 60,760
Dividends 4,500
Retained Earnings 00
Sales Revenue 87,000
Salary Expense 43,650
Operating Expense 12,150
196,510 196,510

Prepare an Income Statement, Statement of Changes in Stockholders' Equity and a Balance Sheet. (Assume that the company issued $60,760 of common stock on January 2, 201X. The business started on January 2, 201X)

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