Return to question Green Valley Company prepared the following trial balance at the end of its first year of operations ending December 31. To simplify the case, the amounts given are in thousands of dollars. UNADJUSTED Debit Credit 20 13 8 Account Titles Cash Accounts receivable Prepaid insurance Machinery Accumulated depreciation Accounts payable Wages payable Income taxes payable Common stock (4,000 shares) Additional paid-in capital Retained earnings Revenues (not detailed) Expenses (not detailed) Totals 164 164 Other data not yet recorded at December 31 include a. Insurance expired during the current year, $6. b. Wages payable, $4. c. Depreciation expense for the current year, $9. d. Income tax expense, $7. Required: 1. Using the adjusted balances, prepare an income statement for the current year. 2. Using the adjusted balances, prepare statement of stockholders' equity for the current year. The balance in retained earnings represents dividends that were declared and paid in the current year. 3. Using the adjusted balances, prepare balance sheet for the current year. Screenshot Return to a Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the adjusted balances, prepare an income statement for the current year. GREEN VALLEY COMPANY Income Statement For the Current Year Ended December 31 (in thousands of dollars) Revenues (not detailed) Expenses Pretax income Accumulated depreciation Net income Earnings per share Required 1 Required 2 > Screenshot Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the adjusted balances, prepare statement of stockholders' equity for the current year. The balance in retained earnings represents dividends that were declared and paid in the current year. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) GREEN VALLEY COMPANY Statement of Stockholders' Equity For the Current Year Ended December 31 (in thousands of dollars) Additional Common Retained Paid-in Stock Capital Earnings Total Stockholders' Equity Beginning balances Ending balances $ 0 $ 0 $ 0 $ 0 Required 1 Required 3 > Screenshot (in thousands of dollars) Assets Current assets: points eBook Total current assets Hint Print Net machinery Total assets Liabilities and stockholders' equity Current Liabilities: References Total current liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Screenshot