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Exercise 3-11 The adjusted trial balance of Steven Cooper Co. as of December 31, 2020, contains the following. Credit STEVEN COOPER CO. ADJUSTED TRIAL BALANCE

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Exercise 3-11 The adjusted trial balance of Steven Cooper Co. as of December 31, 2020, contains the following. Credit STEVEN COOPER CO. ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Cash $20,507 Accounts Receivable 7,955 Prepaid Rent 3,315 Equipment 19,085 Accumulated Depreciation Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends 4,035 Service Revenue Salaries and Wages Expense 7,875 Rent Expense 2,182 Depreciation Expense 223 Interest Expense 161 Interest Payable $65,338 $5,930 6,735 6,507 21,035 12,345 12,625 161 $65,338 Prepare an income statement. (Enter loss using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) STEVEN COOPER CO. Income Statement Prepare a statement of retained earnings. (List items that increase retained earnings first.) STEVEN COOPER CO. Statement of Retained Earnings : : $ Prepare a classified balance sheet. (List current assets in order of liquidity.) STEVEN COOPER CO. Balance Sheet Assets > : Liabilities and Stockholders' Equity Liabilities and Stockholders' Equity $ Click if you would like to Show Work for this question: Open Show Work

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