juioj

The final assignment is based on the following information: HairPro, Inc. opens its first hair salon in Calgary in January 2023. It prepares quarterly financia statements for its owners and external stakeholders. Below is the unadjusted trial balance of HairPro at the end of its first quarter of operation ending on March 31, 2023. HairPro Inc. Unadjusted Trial Balance At March 31, 2023 Cash Prepaid Insurance Prepaid Rent Shop Equipment Shop Furniture and Fixtures Accounts Payable Deferred Revenue Notes Payable (Long-term) Common Stock Retained Earnings, Jan. 1, 2023 Service Revenue Supplies Expense Salaries and Wages Utilities Expense Rent Expense TOTAL Required: the following: Inc, above, you are required to prepare/write 2) A statement of retained earnings (4 points); 3) Balance Sheet ( 12 points); 4) A paragraph stating your evaluation of for the quarter ending March 31,2023 . (6. pompany's performance and financial status In your evaluation, state whether: o the business is profther: - it can pay its curofitable; - its assets are financed more by debts or equity. Support your discussion with relevant calculations or ratios. Submission Instruction: (1) Prepare all the requirements on the Excel Workbook provided. (2) Save the workbook with the filename: FirsirName, Last Name - FAF Final Assignment-B (3) Upload the workbook to the assignment page by hitting the "Add Submission" button