Objective: This activity has the purpose of helping students to describe the content and purpose of each of the financial statements Student Instructions Do it! 1-3 Marsh Corporation began operations on January 1, 2014. The following information is available for Marsh Corporation on December 31, 2014. $ 5,000 2,000 4,000 3,100 15,000 2,500 26,800 7,000 10,000 Accounts payable Accounts receivable Advertising expense Cash Common stock Dividends Equipment Notes payable Rent expense Retained carnings Service revenue Supplies Supplies expense 25,000 1,900 1,700 Prepare an income statement, a retained earnings statement, and a balance sheet for Marsh Corporation