Required: Based on the unadjusted trial balance of Yummy-Licios Ice Cream, Inc. above, you are required to prepare/write the following: 1) An income statement ( 8 points); 2) A statement of retained earnings (4 points); 3) Balance Sheet (12 points); 4) A paragraph stating your evaluation of the company's performance and financial status for the quarter ending March 30, 2022. (6 points) In your evaluation, state whether: the business is profitable; it is able to pay its current obligations/liabilities; its assets are financed more by debts or equity; its retained earnings increased or decreased during the quarter and why. You may state any other insights you have on the company's financial statements. Justify your evaluation and support your discussion with relevant calculations or ratios. Submission Instruction: (1) Prepare all the requirements on the Excel Workbook provided. (2) Save the workbook with the filename: First Name, Last Name - FAF Final Assignment (3) Upload the workbook to the assignment page by hitting the "Add Submission" button. Required: Based on the unadjusted trial balance of Yummy-Licios Ice Cream, Inc. above, you are required to prepare/write the following: 1) An income statement ( 8 points); 2) A statement of retained earnings (4 points); 3) Balance Sheet (12 points); 4) A paragraph stating your evaluation of the company's performance and financial status for the quarter ending March 30, 2022. (6 points) In your evaluation, state whether: the business is profitable; it is able to pay its current obligations/liabilities; its assets are financed more by debts or equity; its retained earnings increased or decreased during the quarter and why. You may state any other insights you have on the company's financial statements. Justify your evaluation and support your discussion with relevant calculations or ratios. Submission Instruction: (1) Prepare all the requirements on the Excel Workbook provided. (2) Save the workbook with the filename: First Name, Last Name - FAF Final Assignment (3) Upload the workbook to the assignment page by hitting the "Add Submission" button