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Marla Gomez owns and manages a consulting firm called Accel, which began operations on December 1 . She asks us to assist her with some
Marla Gomez owns and manages a consulting firm called Accel, which began operations on December 1 . She asks us to assist her with some financial reporting questions. On December 31, we are provided with a Tableau Dashboard that includes selected accounts and 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December was $0. Hint. Use the net income calculated in part 1. 3. Prepare a balance sheet as of December 31. Hint. Use the ending retained earnings balance calculated in part 2. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December 1 was $0. Hint: Use the net income calculated in part 1 . Complete this question by entering your answers in the tabs below. Prepare a balance sheet as of December 31. Hinti Use the ending retained earnings balance calculated in part 2 . \begin{tabular}{|l|r|r|} \hline \multicolumn{2}{|c|}{ ACCEL } \\ \hline \multicolumn{1}{|c|}{ Income Statement } \\ \hline \multicolumn{1}{|c|}{ For Month Ended December 31} \\ \hline Revenues: \\ \hline Consulting revenue & & \\ \hline Rental revenue & & \\ \hline & & \\ \hline Total Revenues & & \\ \hline Expenses: & & \\ \hline Advertising expense & & \\ \hline Rent expense & & \\ \hline Salaries expense & & \\ \hline Utilities expense & & \\ \hline & & \\ \hline & & \\ \hline Total Expenses & & \\ \hline Net income & & \\ \hline \end{tabular}
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