Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars.

Complete the following table based on the above information

UNADJUSTED Account Titles Debit Credit Cash 28 Accounts receivable 25 Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (4,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed) Expenses (not detailed) 20 87 21 4 67 19 122 35 214 214 Totals Other data not yet recorded at December 31 include a. Insurance expired during the current year, $14 b. Wages payable, $14. c. Depreciation expense for the current year, $16. d. Income tax expense, $13 GREEN VALLEY COMPANY Trial Balance December 31, Current Year Adjustments Adjusted Unadjusted Debit Account Titles Credit Ref. Debit Credit Debit Credit Cash 28 Accounts receivable 25 Prepaid insurance 20 Machinery 87 Accumulated depreciation Accounts payable 21 Wages payable Income taxes payable Common stock 4 Additional paid-in capital 67 Retained earnings 19 Revenues (not detailed) 122 Expenses (not detailed) 35 179 214 Totals Required 2 Required 3 Required 1 Using the adjusted balances, prepare an income statement for the current year. (Enter your answers in thousands. Round "Earnings per share" to 2 decimal places.) GREEN VALLEY COMPANY Income Statement For the Current Year Ended December 31 (in thousands of dollars) 0 es $ 0 Earnings per share Required 2 Required 3 Required 1 Using the adjusted balances, prepare statement of stockholders' equity for the current year. The balance in retained earnings represents dividends that were declared and paid in the current year. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) GREEN VALLEY COMPANY Statement of Stockholders' Equity For the Current Year Ended December 31 (in thousands of dollars) Total Common Additional Retained Stockholder' Paid-in Capital Stock Earnings Equity Beginning balances $ $ 0 0 0 0 Ending balances $ $ Required 1 Required 3 Complete this question by entering your answers in the Required 1 Required 2 Required 3 Using the adjusted balances, prepare balance sheet for the curr minus sign. Enter your answers in thousands.) GREEN VALLEY COMPANY Balance Sheet At December 31 (in thousands of dollars) Assets Current assets: Total current assets 0 Total current assets Net machinery 0 Total assets $ Liabilities and Stockholders' Equity Current liabilities: es Total current liabilities Stockholders' Equity Total stockholders' equity 0 Total liabilities and Stockholders' Equity 0 $ A Journal entry worksheet 1 Record the closing entry for current year. Note: Enter debits before credits. Transaction General Journal Debit Credit . Record entry Clear entry View general journal