prepare income statement, prepare statement for returned earnings, prepare a balance sheet. Financial Accounting

Required information [The following information applies to the questions displayed below.) Alison and Chuck Renny began operations of their furniture repair shop (Lazy Sofa Furniture, Inc.) on January 1, 2017. The annual reporting period ends December 31. The trial balance on January 1, 2018, follows (amounts are rounded to thousands of dollars to simplify Recount Titles Debit Credit A Recounts Receivable Supplies Equipment Mecumulated Depreciation Software lated Amortization Accounts Payable Notes Payable long-term) Salaries and Wages Payable Interest Payable Income Tax Payabia Deferred Revenue Retained Earnings prontlompen Salaries and wages Expense Amortization Expense Interest Expense Income Tax Expense Transactions during 2018 (summarized in thousands of dollars) follow: a. Borrowed $30 cash on July 1, 2018, signing a six-month note payable. b. Purchased equipment for $14 cash on July 2. c. Issued additional shares of common stock on July 3 for $5. d. Purchased additional equipment on August 4, $3 cash. e. Purchased, on account, supplies on September 5 for future use, $10. On December 6, recorded revenues in the amount of $74, including $9 on credit and $65 received in cash. g. Pald salaries and wages expenses on December 7. $44 h Collected accounts receivable on December 8, $8. Paid accounts payable on December 9, $11. ). Received a $2 deposit on December 10 for work to start January 15, 2019, Data for adjusting journal entries on December 31: k Amortization for 2018, $2. Supplies of $4 were counted on December 31, 2018 m. Depreciation for 2018, $2. n. Accrued interest on notes payable of $2. o. Wages earned but not yet paid, $3. p. Income tax for 2018 was $2 and will be paid in 2019 t 6 of 9 6-a. Prepare an income statement 6-b. Prepare statement of retained earnings. 6-c. Prepare a balance sheet. (For all requirements, enter your answers in thousands of dollars.) 04:42:56 Part 6 of 9 Req 6A Reg 68 Prepare a balance sheet. (Amounts to be deducted should be indicated by a minus sign.) points LAZY SOFA FURNITURE, INC. Balance Sheet (8 04:42:44 Skipoed (in thousands) eBook Print References 0 Equipment ol Software 0 0 0 0 $ Complete this question by entering your answers in the tabs below. 04:42:26 Reg 6A Reg 6B Req 6C Skipped Prepare statement of retained earnings. LAZY SOFA FURNITURE, INC. Statement of Retained Earnings eBook (in thousands) Balance, January 1, 2018 Print References Balance, December 31, 2018 ] Required information Part 6 of 9 Reg 6A Req 6B Reg 6C Prepare an income statement. points LAZY SOFA FURNITURE, INC. Income Statement 3 04:42:12 (in thousands) Skipped ebook Print References S ROROA Re >