Part $2$

The following is the trial balance for Mystery Machine Inc for the year ended April $30,2024$:

Cash

Accounts receivable

Prepaid expenses

Supplies

Land

Building

Accounts payable

Wages payable

Income tax payable

Note payable, long term

Common shares

Dividends

Retained earnings $($at April $30,2023)$ Service revenue

Advertising expense

Insurance expense

Office supplies expense

Wages expense

Income tax expense

Debit

$132,20013,3002,0001,60045,000224,000$

$12,000$

$20,0003,60022,100400,00036,750912,550$

Credit

$15,7502,20036,750118,0008,000$

$102,850629,000$

$912,550$

Required:

a$.$ Prepare the income statement for the year ended April $30,2024.$

b$.$ Prepare the statement of retained earnings for the year ended April $30,2024$ c$.$ Prepare the balance sheet at April $30,2024.$