Assest $ $150,000,$ liabilities $50,000,$ capital is $100,000,$ revenue is $200,000$ and expenses $150,000.$ Prepare Income Statement, Balance Sheet, Statement of Retained Earnings

$-$ for January $1,2022,$ to June $30,2022.$

$-$ Application of T$-$Accounts and Trial Balance: Internal process for preparing financial statements.