On 1/1/19 Karitas Inc., a calendar year company, is created with an equity investment of $211. On the same day the company purchases a FINANCIAL INSTRUMENT for $103. The FINANCIAL INSTRUMENT is classified as TRADING. On 3/31/19 the FINANCIAL INSTRUMENT is worth $78 per share. On 6/30/19 the FINANCIAL INSTRUMENT is worth $113 per share. On 9/30/19 the FINANCIAL INSTRUMENT is worth $94 per share. On 12/31/19 the FINANCIAL INSTRUMENT is worth $115 per share. The corporate tax rate is 21.00%. Quarterly revenues and expenses are provided below and are all in cash. Karitas Inc. issues financial statements quarterly. FOR ALL ANSWERS ROUND TO TWO DECIMAL PLACES A) Provide all journal entries and t-accounts necessary to account for this transaction on a quarterly basis (from inception of company to end of quarter 4) B) Create the financial statements: Income Statement, Statement of Retained Earnings and Balance Sheet, (from inception of company to the end of quarter 4) C) Provide all journal entries and t-accounts necessary to account for this transaction on an annual basis (from inception of company to the end of the fiscal year) D) Create the financial statements: Income Statement, Statement of Retained Earnings and Balance Sheet, (from inception of company to the end of fiscal year 1) On 1/1/19 Karitas Inc., a calendar year company, is created with an equity investment of $211. On the same day the company purchases a FINANCIAL INSTRUMENT for $103. The FINANCIAL INSTRUMENT is classified as TRADING. On 3/31/19 the FINANCIAL INSTRUMENT is worth $78 per share. On 6/30/19 the FINANCIAL INSTRUMENT is worth $113 per share. On 9/30/19 the FINANCIAL INSTRUMENT is worth $94 per share. On 12/31/19 the FINANCIAL INSTRUMENT is worth $115 per share. The corporate tax rate is 21.00%. Quarterly revenues and expenses are provided below and are all in cash. Karitas Inc. issues financial statements quarterly. FOR ALL ANSWERS ROUND TO TWO DECIMAL PLACES A) Provide all journal entries and t-accounts necessary to account for this transaction on a quarterly basis (from inception of company to end of quarter 4) B) Create the financial statements: Income Statement, Statement of Retained Earnings and Balance Sheet, (from inception of company to the end of quarter 4) C) Provide all journal entries and t-accounts necessary to account for this transaction on an annual basis (from inception of company to the end of the fiscal year) D) Create the financial statements: Income Statement, Statement of Retained Earnings and Balance Sheet, (from inception of company to the end of fiscal year 1)