Exercise $5$

Use the following items to construct: a$)$ Income Statement; b$)$ Statement of Retained Earnings; and

c$)$ Balance Sheet in an excel sheet

$\backslash$table$[[,30,000,$Accounts Payable,$12,000],[$Revenue$,35,000,$Salary Expense,$10,000],[$Accounts Receivable,$30,000,$Common Stock,$40,000],[$Cash$,2,000,$Notes Payable,$8,000],[$Interest Expense,$2,000,$Equipment,$15,000],[$Retained Earnings Beg.,,,$]]$