Chapter 3 Graded o Check my Exercise 3-10 Preparing Financial Statements from a Trial Balance LO P6 Following are the accounts and balances from the adjusted trial balance of Stark Company. 2.2 points 8 00:40:41 Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash Wages expense Insurance expense Stark, Capital Services revenue cBook $ 28,000 4,200 B40 10,000 2. 100 44,000 9.200 3.500 126, 800 105,000 Accumulated depreciation Buildings $ 32,000 Accounts receivable 7.400 Utilities expense 3,000 Interest payable Unearned revenue 1.550 Supplies expense 540 Buildings 210,000 Stark withdrawals 11.500 Depreciation expense Buildings 10,500 Supplies 1.650 References Prepare the (1) income statement and (2) statement of owner's equity for the year ended December 31, and (3) balance sheet at The Car Cantal account balance was $126,800 on December 31 of the prior year. Question 1 (1 point) The U.S. and Mexico both produce vehicles and tons of plastic, which are sold for the same price in both countries. Suppose that with one unit of labor and one unit of capital, the U.S. can produce either 20 vehicles or 40 tons of plastic and Mexico can produce either 10 vehicles or 15 tons of plastic. Which country has an absolute advantage producing vehicles