M3-21 Preparing Financial Statements from a Trial Balance The following adcounts are taken from Equilibrium Riding. Inc., a company that specializes in occupational therapy and horseback riding lessons, as of December 31 . Required: Using the unadjusted trial balance provided, create a classified Balance Sheet, Statement of Retained Earnings, and Income Statement for Equilibrium Riding, Inc., for the year ended December 31. (These financial statements would be considered "preliminary" because they use unadjusted balances.) Tip: Create the income Statement first, followed by the Statement of Retained Earnings, and finally the dassiffed Balance Sheet. Follow the formats presented in Exhibits 1.3,1.4, and 2.13. Opened: Sunday, 6 November 2022, 12:59 AM Due: Sunday, 13 November 2022, 11:59 PM This assignment is based on Textbook Exercise- M3 - 21 (Equilibrium Riding, Inc.) p. 131. Based on the information provided, you are required to: 1. Prepare an Income Statement for the year ending December 31 ; 2. Calculate the Net Profit Margin; and ?. Briefly explain what the profit margin means for Equilibrium Riding. Inc: Opened: Sunday, 6 November 2022, 12.59 AM Due: Sunday, 13 November 2022, 11:59 PM This assignment is based on Textbook Exercise- M3 -21 (Equilibrium Riding, Inc.) p. 131. Based on the information provided, you are required to: 1. Prepare an Income Statement for the year ending December 31 ; 2. Calculate the Net Profit Margin; and 2. Briefly explain what the profit margin means for Equilibrium Riding, Inc Present you. Twers in the Excel Workbook attached. Re- whe wime with ine Tilename: Week 5 AssignmentYour First Name, Last Name. x2 Week 5 Assidintinent Template Oct22xisx 6 November 2022, 12:18 AM