The following accounts are from the accounting records of Greer Industries as of December 31, 2019. Greer had retained earnings on January 1, 2019 of $500,000. a. Identify the appropriate accounts and prepare a Income Statement and Retained Earnings using Excel

Capital Stock Depreciation Expense Merchandise Inventory Cash Rent expense Land Machinery Corner bank loan Accounts payables $500,000 25,000 1,000 5,800 2,400 1,000,000 138,000 440,000 40,000 Accumulated depreciation Building Revenue Income tax expense Dividends as of 12/31/19 Accounts receivables Furniture Clerical expense $250,000 1,250,000 1,028,100 700 300,000 3200 12,000 20,000