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The adjusted trial balance of Crane Financial Planners appears below. CRANE FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash Accounts Receivable Supplies

The adjusted trial balance of Crane Financial Planners appears below. CRANE FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2020 Debit Credit Cash Accounts Receivable Supplies Equipment $2,750 2,200 1,700 16,600 Accumulated Depreciation-Equipment Accounts Payable Unearned Service Revenue Common Stock $4,150 4,150 3,090 10,000 Retained Earnings 4,350 Dividends 1,500 Service Revenue 5,000 Supplies Expense 640 Depreciation Expense 2,500 Rent Expense 2,850 $30,740 $30,740 Using the information from the adjusted trial balance, you are to prepare for the month ending December 31: 1. An income statement. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) CRANE FINANCIAL PLANNERS Income Statement $ 2. A retained earnings statement. CRANE FINANCIAL PLANNERS Retained Earnings Statement 4 +A $ SA 3. A balance sheet. (List Assets in order of liquidity.) CRANE FINANCIAL PLANNERS Balance Sheet Assets Liabilities and Stockholders' Equity

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