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Exercise 2 - 1 8 Preparing financial statements from a trial balance LO 6 Extreme Hockey trains top - level hockey players with on -

Exercise 2-18 Preparing financial statements from a trial balance LO6Extreme Hockey trains top-level hockey players with on-ice and off-ice programs. Extreme Hockey aims to maximize every hockey players full potential. The company showed the following trial balances for its first year just ended December 31,2023: Account TitleDebit CreditCash$18,000 Accounts receivable 5,200 Prepaid rent 13,000 Machinery 57,100 Accounts payable $17,300 Notes payable 47,000 Ryan Roy, capital 50,000 Ryan Roy, withdrawals 2,000 Training revenue 18,000 Wages expense 29,000 Rent expense 8,000 Totals$132,300 $132,300 Required:Use the information provided to complete an income statement, statement of changes in equity, and balance sheet.

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