The adjusted trial balance of Ryan Financial Planners appears below.

RYAN FINANCIAL PLANNERS Adjusted Trial Balance December 31, 2014
		Debit			Credit
Cash		$	2,660
Accounts Receivable			2,140
Supplies			1,850
Equipment			15,900
Accumulated Depreciation-Equipment					$	3,975
Accounts Payable						3,310
Unearned Service Revenue						3,205
Common Stock						10,000
Retained Earnings						4,510
Dividends			1,000
Service Revenue						4,300
Supplies Expense			410
Depreciation Expense			2,420
Rent Expense			2,920
		$	29,300		$	29,300

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).)

Dividends Expenses Net Income / (Loss) Retained earnings, December 1 Retained earnings, December 31 Revenues Total Expenses Total Revenues

RYAN FINANCIAL PLANNERS Income Statement For the Month Ended December 31, 2014

Dividends Expenses Net Income / (Loss) Retained earnings, December 1 Retained earnings, December 31 Revenues Total Expenses Total Revenues

2. A retained earnings statement.

RYAN FINANCIAL PLANNERS Retained Earnings Statement For the Month Ended December 31, 2014

3. A balance sheet. (List Assets in order of liquidity.)

RYAN FINANCIAL PLANNERS Balance Sheet December 31, 2014

Dividends Expenses Net Income / (Loss) Retained earnings, December 1 Retained earnings, December 31 Revenues Total Expenses Total Revenues

less

Assets

Liabilities and Stockholders' Equity

Current AssetsLiabilitiesIntangible AssetsLong-term InvestmentsLong-term LiabilitiesProperty, Plant and EquipmentStockholders' EquityTotal AssetsTotal Current AssetsTotal Current LiabilitiesTotal Intangible AssetsTotal LiabilitiesShort-term InvestmentsTotal Long-term InvestmentsTotal Long-term LiabilitiesTotal Property, Plant and EquipmentTotal Liabilities and Stockholders