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Question 5 (of 8) value 3.00 points The following accounts are taken from Equilibrium Riding, Inc., a company that specializes in occupational therapy and horseback

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Question 5 (of 8) value 3.00 points The following accounts are taken from Equilibrium Riding, Inc., a company that specializes in occupational therapy and horseback riding lessons, as of December 31 EQUILIBRIUM RIDING, INC Unadjusted Trial Balance At December 31 Account Name Debits Credits Cash 69,300 6,550 7.250 68,700 29.250 Accounts Receivable Prepaid Insurance Land Accounts Payable Unearned Revenue Notes Payable (long-term) Common stock Retained Eamings Dividends Service Revenue Wages Expense Repairs and Maintenance Expense Office Expenses 33,600 1.850 63,000 5,000 56,745 28,400 6.450 460 635 Totals $188,595 $188,595 Required: 1. Using the unadjusted trial balance provided, create an Income Statement for Equilibrium Riding, Inc., or the year ended December 31 EQUILIBRIUM RIDING, INC. Income Statement IUULINI II acer

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