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P-4. The following information is the adjusted trial balance of Coyote Consulting Inc. for the year ended on 12/31/2021. Debit Credit Cash $25,000 Accounts receivable
P-4. The following information is the adjusted trial balance of Coyote Consulting Inc. for the year ended on 12/31/2021. Debit Credit Cash $25,000 Accounts receivable 11,000 Inventory 30,000 Prepaid rent 2,000 Equipment 23,000 Accumulated depreciation-equipment 4,000 Accounts payable 2,000 Unearned service revenue 3,000 Common stock 50,000 Retained earnings Dividend Sales revenue 16,000 9,000 110,000 Rent revenue 10,000 Interest revenue 2,000 Costs of goods sold 60,000 Salaries and wages expense 25,000 Rent expense 7,000 Travel expense 5,000 Total $197,000 $197,000 Instructions: Prepare Coyote's 1. The income statement for the year ended on 12/31/2021, 2. The statement of retained earnings for the year ended on 12/31/2021, and 3. The balance sheet as of 12/31/2021
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