Content Bb 7272550 7272550 + learn-eu-central-1-prod-fleet01-xythos.content.blackboardcdn.com/5d5ba7961ed77/7272550?X-Blackboard-Expiration=1656126000000&x-Blackboard-Signatur... Q 1/3 143% + Assignment No. 3 T Q1. Green Lawns, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The following is the company's year- end adjusted trial balance dated December 31, current year. GREEN LAWNS, INC. ADJUSTED TRIAL BALANCE DECEMBER 31, CURRENT YEAR 2 Cash Accounts receivable Supplies Equipment Accumulated depreciation: equipment Accounts payable Income taxes payable 3 Capital stock Retained earnings Dividends Lawn care revenue earned Salary expense Supply expense Advertising expense Depreciation expense: equipment Income taxes expense $ 218,640 10,800 720 28,800 $ 12,000 3,600 8,400 60,000 108,000 4,800 230,400 124,800 2,880 720 2,400 27,840 $422,400 $422,400 a. Prepare an income statement and statement of retained earnings for the year ended December 31, current year. Also prepare the company's balance sheet dated December 31, current year.