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Question 1 The adjusted trial balance of Nicks Financial Planners appears below NICKS FINANCIAL PLANNERS Adjusted Triai Balance December 31, 2017 Debit Credit Cash $15,400 Accounts Receivable 2,200 Supplies Equipment Accumulated Depreciation-Equipment Accounts Payable 1,800 15,500 $4,000 3,000 5,000 Unearned Service Revenue Common Stock 15,000 Retained Earnings 7,400 Dividends 3,500 9,500 Service Revenue Supplies Expense Depreciation Expense 1,100 2,500 Rent Expense 1,900 $43,900 $43,900 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: An income statement. NICKS FINANCIAL PLANNERS Income Statement For the Month Ended December 31, 2017 A retained earnings statement. (List items that increase retained earnings first.) NICKS FINANCIAL PLANNERS Retained Earnings Statement For the Month Ended December 31, 2017 A balance sheet. (List Current assets in order of liquidity.) NICKS FINANCIAL PLANNERS Balance Sheet December 31, 2017 Assets Liabilities and Stockholders Equity