Chapter 3 Homework i Saved 7 The following accounts are taken from Equilibrium Riding. Incorporated, a company that specializes in occupational therapy and horseback riding lessons, as of December 31. 1.27 points Credits X 02:37:41 eBook EQUILIBRIUM RIDING, INCORPORATED Unadjusted Trial Balance At December 31 Account Name Debits Cash $ 73,800 Accounts Receivable 6, 200 Prepaid Insurance 9,85e Equipment 71,700 Land 24, eee Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense 5,550 Repairs and Maintenance Expense 645 Office Expense 740 Totals $ 191,685 $ 31,789 2,450 62,00 5,800 60,535 30, eee $ 191,685 Required: 1. Using the unadjusted trial balance provided, create an Income Statement for Equilibrium Riding. Incorporated, for the year ended December 31 2. Using the unadjusted trial balance provided, create a Statement of Retained Earnings for Equilibrium Riding, Incorporated, for the year ended December 31. If there are no dividends, include a line that reports Dividends of zero. 3. Using the unadjusted trial balance provided, create a classified Balance Sheet for Equilibrium Riding. Incorporated, for the year ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the unadjusted trial balance provided, create an Income Statement for Equilibrium Riding, Incorporated, for the year ended December 31. EQUILIBRIUM RIDING, INCORPORATED Income Statement Required 1 Required 2 Required 3 Using the unadjusted trial balance provided, create a Statement of Retained Earnings for Equilibrium Riding, Incorporated, for the year ended December 31. If there are no dividends, include a line that reports Dividends of zero. EQUILIBRIUM RIDING, INCORPORATED Statement of Retained Earnings Retained Earnings, January 1 Retained Earnings, December 31 Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Using the unadjusted trial balance provided, create a classified Balance Sheet for Equilibrium Riding, Incorporated, for the year ended December 31. EQUILIBRIUM RIDING, INCORPORATED Balance Sheet S 0 0 0 0