This assignment is based on Exercise M3-21, textbook page 131 (you worked on this exercise in Week 5!). You are required to prepare the following: 1) a statement of retained earnings and 2) a balance sheet Prepare the statements using the Excel template attached.

M3-21 Preparing Financial Statements from a Trial Balance The following accounts are taken from Equilibrium Riding, Inc., a company that specializes in occupational therapy and horseback riding lessons, as of December 31 . Required