Review the following statements and determine which is (are) correct regarding an adjusted trial balance and how it is used In preparing financial statements. (Check all that apply.) Multiple select question.

*The balance sheet is the first financial statement prepared.

*The adjusted trial balance includes all accounts and balances appearing in financial statements.

*Financial statements are prepared more easily using the adjusted trial balance than with the general ledger.

*The ending Owner, Capital account balance on the balance sheet is taken directly from the adjusted trial balance. Reason:

*The ending balance is transferred from the statement of owner's equity to the balance sheet.

*The income statement is the first financial statement prepared after preparing the adjusted trial balance

* The ending Owner, Capital account balance on the balance sheet is transferred from the statement of owner's equity.