2. Prepare the following financial statements: * Income statement. b. Statement of retained earnings c. Balance sheet Apr. 5 7 10 Shonton deposited $75,000 in a new business bank account titled Allen Shonton, CPA. The business issued common stock to Shonton. Paid $300 cash for letterhead stationery for new office. Purchased office furniture for the office on account, $9,500. consulted with tax client and received $4,000 for services rendered. Paid utilities, 5190. Finished tax hearings on behalf of a client and submitted a bill for accounting services, 520,000. Paid office rent, 5750. Received amount due from client that was billed on April 12. Paid full amount of accounts payable created on April 7 Cash dividends of 53,500 were paid to stockholders 12 18 25 27 30