Create an income statement, statement of changes in equity and a classified balance sheet. This is Lucie's first year of operations. Check your text book to see what a Classified Balance sheet is and how to format it.

Account Cash Accounts receivable Lucie Accounting Trial Balance December 31, 2015 Dr. Cr. $ 13,000 3,200 Office supplies 500 Prepaid insurance 12,000 Long term note receivable 4,000 Land 100,000 Equipment 50,000 Accumulated depreciation, Equipment $ 12,000 Building 170,500 Accumulated depreciation, Building 14,000 Customer list 3,000 Notes payable 12,000 Unearned accounting fees 5,000 Salaries payable 8,000 Lucie Majeau, capital 100,000 Lucie Majeau, withdrawals 5,000 Accounting fees earned 240,000 Depreciation expense, Building 6,000 Depreciation expense, Equipment 4,000 Insurance expense 900 Rent expense 12,000 Office supplies expense 900 Repairs expense 5,000 Telephone expense 1,000 Totals $ 391,000 $ 391,000 prepare an income statement, statement of changes in equity and a classified balance sheet. This is Lucie's first year of operations. Check your text book to see what a Classified Balance sheet is and how to format it.