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Below Is The Adjusted Trail Balance For ABC Corporation As of December 31 2022: Items Debit Credit Cash 1,000,000 Accounts Receivable 5,000,000 Supplies 100,000 Equipment

Below Is The Adjusted Trail Balance For ABC Corporation As of December 31 2022:

Items Debit Credit
Cash 1,000,000
Accounts Receivable 5,000,000
Supplies 100,000
Equipment 1,000,000
Accumulated Depreciation Equipment 200,000
Accounts Payable 100,000
Notes Payable 500,000
Unearned Revenues 100,000
Common Stock 4,600,000
Retained Earnings 300,000
Dividends 100,000
Sales 10,000,000
Salaries Expenses 1,000,000
Rent Expenses 500,000
Cost Of Goods Sold 7,000,000
Depreciation Expenses 100,000
Total 15,800,000 15,800,000

Required: Prepare the Following Statements

  1. Income Statement
  2. Retained Earnings Statement
  3. Balance Sheet Statement

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