Omega Corporation's financial data for the year ended December 31, 2023, is as follows:

• Sales Revenue: $150,000
• Cost of Goods Sold: $70,000
• Salaries Expense: $20,000
• Rent Expense: $5,000
• Utilities Expense: $2,000
• Depreciation Expense: $4,000
• Accounts Receivable: $10,000
• Accounts Payable: $8,000
• Cash: $12,000
• Equipment: $30,000
• Notes Payable: $15,000
• Common Stock: $20,000

Requirements:

1. Prepare a Trial Balance as of December 31, 2023.
2. Prepare an Income Statement for the year ended December 31, 2023.
3. Prepare a Statement of Retained Earnings for the year ended December 31, 2023.
4. Prepare a Balance Sheet as of December 31, 2023.
5. Prepare a Statement of Cash Flows for the year ended December 31, 2023.