Green Lawns, Inc., performs adjusting entries every month, but closes its accounts only at year-end. The following is the company's year-end adjusted trial balance dated December 31, current year. Cash Accounts receivable Supplies Equipment GREEN LAWNS, INC. Adjusted Trial Balance December 31, Current Year Accumulated depreciation: equipment Accounts payable Income taxes payable Capital stock Retained earnings Dividends Lawn care revenue earned Salary expense Supply expense Advertising expense Depreciation expense: equipment Income taxes expense $ 218,640 10,800 720 28,800 $ 12,000 3,600 8,400 60,000 108,000 4,800 230,400 124,800 2,880 720 2,400 27,840 $ 422,400 $ 422,400 a-1. Prepare an income statement for the year ended December 31, current year. a-2. Prepare a statement of retained earnings for the year ended December 31, current year. a-3. Prepare the company's balance sheet dated December 31, current year. b. Does the company appear to be liquid? c. Has the company been profitable in the past? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Req C Prepare an income statement for the year ended December 31, current year. GREEN LAWNS, INC. Income Statement For the Year Ended December 31, Current Year Revenues: Expenses: Req A1 0 $ 0 69 0 Req A2 > Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Req C Prepare a statement of retained earnings for the year ended December 31, current year. GREEN LAWNS, INC. Statement of Retained Earnings For the Year Ended December 31, Current Year Retained earnings (1/1) Retained earnings (12/31) < Req A1 Req A3 > Req A1 Req A2 Req A3 Req B Req C Prepare the company's balance sheet dated December 31, current year. (Amounts to be deducted should be indicated by a minus sign.) GREEN LAWNS, INC. Equipment Total assets Total liabilities Balance Sheet December 31, Current Year Assets 0 $ 0 Liabilities $ 0 Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity 69 $ 0 0 a-1. Prepare an income statement for the year ended December 31, current year. a-2. Prepare a statement of retained earnings for the year ended December 31, current year. a-3. Prepare the company's balance sheet dated December 31, current year. b. Does the company appear to be liquid? c. Has the company been profitable in the past? Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Req C Does the company appear to be liquid? O Yes ONo < Req A3 Req C > Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 Req B Req C Has the company been profitable in the past? Yes No < Req B Req C >