The assets and liabilities of Post Shrub Garden Supply, Inc., as of December $31,2021,$ and revenues and expenses for the year ended on that date are as follows:

$($Click the icon to view the account totals.$)$

Read the equirements.

Requirement $1.$ Prepare the income statement of Post Shrub Garden Supply, Ind

Let's begin the heading and then complete the rest of the statement. $($If an input $f$ parentheses or a minus sign to enter a net loss.$)$

Post Shrub Garden Supply, Inc.

Income Statement

Year Ended December $31,2021$

Revenue: $$

Expenses: $$

Requirements

Prepare the income statement of Post Shrub Garden Supply, Inc., for the year ended December $31,2021.$

Prepare the company's statement of retained earnings for the year.

Prepare the company's balance sheet as of December $31,2021.$

Analyze Post Shrub Garden Supply, Inc., by answering these questions:

a$.$ Was Post Shrub profitable during $2021?$ By how much? b$.$ Did retained earnings increase or decrease? By how much?

c$.$ Which is greater, total liabilities or total stockholders' equity? Who has a greater claim to Post Shrub's assets: its creditors or its stockholders?