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Questions #1 Prepare an income statement for China Tea Company for the year ended December 31, 2021. Use the format shown in Illustration 2-13 on
Questions \#1 Prepare an income statement for China Tea Company for the year ended December 31, 2021. Use the format shown in Illustration 2-13 on page 73 of the textbook. Questions \#2 Prepare a classified Balance Sheet for China Tea Company for the year ended December 31, 2021. Use the format shown in Illustration 2-14 on page 74 of the textbook. China Tea Company Balance Sheet At December 31, 2021 Use this information to answer Questions \#1 \& 2: The adjusted trial balance for China Tea Company at December 31, 2021, is presented below. (Keep in mind that the Retained Earnings balance shown is for the end of 2020 which is the beginning of 2021. You will need to calculate the Dec. 31, 2021 ending balance when you prepare the Balance Sheet for Question \#2 below.)
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