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From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: Adjusted Trial Balance Debit Credit Cash $32,000 Accounts Receivable 19,300 Prepaid

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From the following Company Y adjusted trial balance, prepare simple financial statements, as follows: Adjusted Trial Balance Debit Credit Cash $32,000 Accounts Receivable 19,300 Prepaid Insurance 6,400 Land 11,000 Accounts Payable $10,900 Salaries Payable 7.000 Common Stock 31,000 Retained Earnings 4,200 Dividends 8,000 Service Revenue 76,000 Insurance Expense 5,600 Salaries Expense 24,000 Miscellaneous Expense 22.800 $129,100 $129.100 Company Y Income Statement For the Year Ended December 31, 20XX Revenues: Expenses: Total Expenses B. Prepare a statement of retained earnings for Company Y. Company Y Retained Earnings Statement For the Year Ended December 31, 20XX C. Prepare a balance sheet for Company Y. Company Y Balance Sheet December 31, 20XX Assets Total Assets Liabilities Total Liabilities Equity $ Total Equity Total Liabilities and Equity

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