Financial Statements The following account balances were taken from the general ledger of R. Ladd & Company as of January 31. Ladd trains dogs for competitive championship field trials. The firm's accounting year began on januar T Land Account balances as of January 31 Maintenance expense Supples $21,000 office rent expense $800 460 Supplies expense 1,640 Utilities expeme 760 200 Advertning expense Common stock Retained earnings Cash 350 fees named 20,000 Alcounts recevable 200 9,000 16470 7,300 Salanes expense 4480 Accounts payable 820 Dividends 1,100 Prepare an income statement and statement of stockholders' equity for the month of January and a balance sheet as of January 31. No stock was issued during the month Income Statement Statement of Stockholders' Equity TIP: Enter reductions of an account as a negative number. Balance Sheet R. LADD & COMPANY Statement of Stockholders' Equity For Month Ended January 31 Common Stock Retained Earnings Total 0 Net income for the month 0 0 Balance Jary 31 Check 05 05 0