Prepare and income statement and a statement of retained earnings for the month ended September 30,2016 and a balance sheet as of September 30, 2016.

In-class Problem Set Chapter 3 #2 Name: Student ID Numbe The account balances appearing on the trial balance (below) were taken from the general ledger of Irick Company at September 30. IRICK COMPANY Trial Balance For the Month Ended September 30, 2016 Debit 2,300 1,100 2,200 24,000 Credit Cash Supplies Prepaid Insurance Equipment Accumulated Depreciation - Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Service Revenue Utilities Expense Totals 4,500 4,000 2,400 12,900 1,300 4,900 400 30,00030,000 s follows: 1) A physical count of supplies indicates $300 on hand at September 30. 2) The amount of insurance that expired in the month of September was $200. 3) Depreciation on equipment for September was $400. 1) Rent owed on the copy shop for the month of September was $600 but will not be paid until October