1. Below are the account balances for Mojito Company at December 31, 2022.

Mojito Company
Trial Balance
December 31, 2022
		Debit		Credit
Cash		$30,000
Accounts receivable, net		19,000
Inventory		7,000
Land		50,000
Building, net		320,000
Investments		25,000
Accounts payable				17,700
Salaries payable				6,000
Note payable (due in 4 years)				250,000
Common stock				100,000
Retained earnings				67,000
Dividends declared		5,000
Service revenue				125,000
Cost of sales		60,000
Selling expenses		20,000
Administrative expenses		25,000
Interest expense		2,000
Income tax expense		2,700
		$565,700		$565,700

Required:

Prepare the Income Statement, Statement of Stockholders Equity and Balance Sheet for Mojito Company for the year 2022.