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Below is the draft trial balance for Immune Inc. as at December 31, 2022 for the year ended on that date. Using the above account
Below is the draft trial balance for Immune Inc. as at December 31, 2022 for the year ended on that date. Using the above account balance information, prepare the following: A) An Income Statement for 2022. (10 marks) B) A Statement of Retained Earnings for 2022. (5 marks) C) A classified Balance Sheet at December 31, 2022. Be sure to include all the appropriate headings and sections and subtotals. (20 marks) Debit Credit Cash 15,600 Cost of goods sold 215,000 Prepaid rent 2,400 Wages expense 90,200 Accounts receivable 27,200 Sales revenue 430,000 Property, plant and equipment 265,000 Accumulated depreciation - property, plant and equipment 75,400 Accounts payable
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