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please provide all correct entries Problem 3 - Preparing Financial Statements Print Adjusted Trial Print Financial Balance Statements Required: Using the adjusted trial balance data

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Problem 3 - Preparing Financial Statements Print Adjusted Trial Print Financial Balance Statements Required: Using the adjusted trial balance data below created from Problem 2, prepare an Income Statement, Statement of Stockholders' Equity, and Balance Sheet Credit Debit 2,200 16,900 430 5,500 21,700 22,710 Grant Corporation Adjusted Trial Balance December 31, 2020 Account Cash Accounts Receivable Supplies Prepaid Rent Land Equipment Accum. Deprec. - Equip. Accounts Payable Salaries Payable Unearned Revenue Common Stock Retained Earnings Dividends Service Revenue Rent Expense Salaries Expense Advertising Expense Depreciation Expense Supplies Expense Total 12,140 1,940 250 1,250 38,000 12,000 2,900 11,850 1,100 2,410 730 500 350 77,430 77,430 Grant Corporation Income Statement For the Period Ended December 31, 2020 Revenues: Service Revenue 11,850 Total Revenues 11,850 Expenses: Rent Expense Salaries Expense Advertising Expense Depreciation Expense Supplies Expense 1,100 2,410 730 500 350 Total Expenses 5,090 Net income (loss) 6,760 Grant Corporation Statement of Stockholders' Equity December 31, 2020 Common Stock 38,000 Retained Earnings Total 38,000 Common Stock 38,000 Grant Corporation Balance Sheet December 31, 2020 Assets Current Assets Total Current Assets Property, Plant, and Equipment Land Equipment 21,700 22,710 Total Property, Plant, and Equipment Total Assets Liabilities Current Liabilities Total Current Liabilities Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 38,000 12,000 X-One or more are incorrect X 50,000

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