Green Valley Company prepared the following trial balance at the end of its first yea the case, the amounts given are in thousands of dollars. Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (6,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed) Expenses (not detailed) Totals Required 1 UNADJUSTED Debit 21 18 Required 2 Required 3 com 13 80 12 28 172 Credit 14 6 60 92 Other data not yet recorded at December 31 include a. Insurance expired during the current year, $11. b. Wages payable, $12. c. Depreciation expense for the current year, $14. d. Income tax expense, $6. Required: 1. Using the adjusted balances, prepare an income statement for the current year. 2. Using the adjusted balances, prepare statement of stockholders' equity for the represents dividends that were declared and paid in the current year. 3. Using the adjusted balances, prepare balance sheet for the current year. 172 Complete this question by entering your answers in the tabs below.

Green Valley Company prepared the following trial balance at the end of its first ye the case, the amounts given are in thousands of dollars. Other data not yet recorded at December 31 include a. Insurance expired during the current year, \$11. b. Wages payable, $12. c. Depreciation expense for the current year, $14. d. Income tax expense, \$6. Required: 1. Using the adjusted balances, prepare an income statement for the current yea 2. Using the adjusted balances, prepare statement of stockholders' equity for the represents dividends that were declared and paid in the current year. 3. Using the adjusted balances, prepare balance sheet for the current year. Complete this question by entering your answers in the tabs below