Prepare the financial statements for Parkview Landscaping Corporation as of July 31 in the space below. You will only be preparing the Income Statement, Statement of Retained Earnings and the Balance Sheet. The Statement of Cash Flows is a required Financial Statement, . Parkview Landscaping Corporation Parkview Landscaping Corporation Parkview Landscaping Corporation Income Statement Statement of Retained Earnings Balance Sheet For the Month Ending July 31 For the Month Ending July 31 July 31 Revenues: Retained Earnings, July 1 Assets: Landscaping Revenue Add: Net Income Cash Subtotal Prepaid Insurance Expenses: Less: Dividends Landscaping Supplies Rent Expense Retained Earnings, July 31 Landscaping Equipment Utility Expense Less: Accum. Depr. Insurance Expense Total Assets Supplies Expense Depreciation Expense Liabilities: Income Taxes Expense Accounts Payable Total Expenses Income Taxes Payable Total Liabilities Net Income Stockholders' Equity: Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity ournal entries: Date Particulars Debit Credit 1-Jul Bank $24,000 Common stock $24,000 1-Jul Prepaid insurance premium $2,400 Cash $2,400 1-Jul Rent expense $2,080 Cash $2,080 3-Jul Land scaping Equipment $8,800 Cash $1,200 Accounts payable $7,600 8-Jul Supplies $780 Lakeside company $780 12-Jul Utilities $308 Cash $308 16-Jul Cash $2,724 Revenue from landscaping $2,724 19-Jul Landscaping supplies $400 Cash $400 31-Jul Cash $2,620 Revenue from landscaping $2,620 31-Jul Dividends $1,600 Cash $1,600 31-Jul Depreciation Accumulated depreciation 31-Jul Income tax expenses Cash/income tax payable 31-Jul Insurance $200 Prepaid insurance $200 Ledger accounts: Dr Cr Cash a/c Common stock $24,000 Prepaid insurance $2,400 Land scaping Revenue $2,724 Prepaid rent $2,080 Land scaping Revenue $2,620.00 Land scaping equipment $1,200 Utilities $308 Land scaping supplies $400 Dividends $1,600 Balance C/d $21,356 $29,344 $29,344 Landscaping revenue a/c Cash $2,724 Balance C/d $5,344 Cash $2,620 $5,344 $5,344 Prepaid insurance a/c Cash $2,400 Insurance $200 Balance C/d $2,200 $2,400 $2,400 Rent expense a/c Cash $2,080 Income statement $2,080 $2,080 $2,080 Land scaping supplies a/c Cash $400 Supplies $780 Balance c/d $380 $780 $780 Utility expense a/c Cash $308 balance c/d $308 $308 $308 Land scaping equipment a/c Accounts payable $7,600 Cash $1,200 Balance c/d $8,800 $8,800 $8,800 Insurance expense a/c Prepaid insurance $200 Income statement $200 $200 $200 Supplies expense a/c Land scaping supplies $780 Income statement $780 $780 $780 Common Stock a/c Cash $24,000 balance c/d $24,000 $24,000 $24,000 Dividends a/c Cash $1,600 Income statement $1,600 $1,600 $1,600 Income tax payable a/c Income tax expense a/c Depreciation expense a/c Accumulated depreciation a/c