The following account balances were taken from the general ledger of R. Ladd & Company as of January 31. Ladd trains dogs for competitive championship field trials. The firm's accounting year began on January 1. Land Maintenance expense Supplies Advertising expense Common stock Retained earnings. Cash. Accounts payable Account balances as of January 31 Revenue $21,000 Office rent expense 460 Supplies expense 1.640 Utilities expense 350 Fees earned Expenses TIP: Expenses can be listed in any order R. LADD & COMPANY Income Statement For Month Ended January 31 16,470 20,000 Accounts receivable 8,200 9,000 7,300 Salaries expense 820 Dividends Prepare an income statement and statement of stockholders' equity for the month of January and a balance sheet as of January 31. No stock was issued during the month. Income Statement Statement of Stockholders' Equity Balance Sheet $800 760 200 VS 4,480 1,100 Income Statement TIP: Enter reductions of an account as a negative number. R. LADD & COMPANY Statement of Stockholders' Equity For Month Ended January 31 Net income for the month Statement of Stockholders' Equity Balance, January 31 $ Common Stock 0 $ Balance Sheet Retained Earnings 0 $ Total 0 0 0 0 Income Statement Statement of Stockholders' Equity Balance Sheet TIP: Refer to Exhibit 3-3 for help with the order of presentation. R. LADD & COMPANY Balance Sheet January 31 Liabilities Assets Total current assets Total Assets $ $ 0 Stockholders' Equity LA $ Total Stockholders' Equity 0 Total Liabilities and Stockholders' Equity $ 0 0