The trial balance as of July 31, 2018, for Sarah Silk, Registered Dietician, is presented below: E: (Click the icon to view the trial balance.) Read the requirements C. Requirement 1. Prepare the income statement for the month ended July 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sarah Silk, Registered Dietician Income Statement Month Ended July 31, 2018 Net Income Requirement 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was $0. (Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Enter a "0" for any zero balances.) Sarah Silk, Registered Dietician Statement of Retained Earnings Month Ended July 31, 2018 Retained Earnings, July 1, 2018 The trial balance as of July 31, 2018, for Sarah Silk, Registered Dietician, is presented below: (Click the icon to view the trial balance.) Read the requirements. ... Requirement 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was $0. (Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings below the subtotal. Enter a "0" for any zero balances.) Sarah Silk, Registered Dietician Statement of Retained Earnings Month Ended July 31, 2018 Retained Earnings, July 1, 2018 Retained Earnings, July 31, 2018 Requirement 3. Prepare the balance sheet as of July 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sarah Silk, Registered Dietician Balance Sheet July 31, 2018 Assets Liabilities Stockholders' Equity The trial balance as of July 31, 2018, for Sarah Silk, Registered Dietician, is presented below: E: (Click the icon to view the trial balance.) Read the requirements Retained Earnings, July 31, 2018 Requirement 3. Prepare the balance sheet as of July 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Sarah Silk, Registered Dietician Balance Sheet July 31, 2018 Assets Liabilities Stockholders' Equity Requirement 4. Calculate the debt ratio as of July 31, 2018. Select the debt ratio formula on the first line and then calculate the ratio. Debt ratio % Data table Debit Sarah Silk, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Credit Cash $ 30,000 Accounts Receivable 9,700 Office Supplies 1,700 Prepaid Insurance 2,100 Equipment 23,000 Accounts Payable 2,500 Unearned Revenue 4,745 Notes Payable 28,000 Common Stock 17,000 Dividends 2,400 Service Revenue 19,005 Salaries Expense 1,200 Rent Expense 600 Utilities Expense 550 Print Done Requirements 1. Prepare the income statement for the month ended July 31, 2018. 2. Prepare the statement of retained earnings for the month ended July 31, 2018. The beginning balance of retained earnings was $0. 3. Prepare the balance sheet as of July 31, 2018. 4. Calculate the debt ratio as of July 31, 2018. Print Done