Trial Balance and Financial Statements The following account balances were taken (out of order) from the general ledger of R. Ladd & Company as of January 31. Ladd trains dogs for competitive championship field trials. The firm's accounting year began on January 1. All accounts have normal balances. $35,700 Office Rent Expense $1,360 Land Maintenance Expense 782 Supplies Expense Supplies 2,788 Utilities Expense Advertising Expense 595 Fees Earned 1,292 340 27,999 Common Stock 34,000 Accounts Receivable 13,940 Retained Earnings 15,300 Salaries Expense Cash 12,410 Dividends 7,616 1,870 Accounts Payable 1,394 Required a. Prepare a trial balance from the given data. b. Prepare an income statement for the month of January. c. Prepare a statement of stockholders' equity for the month of January. d. Prepare a balance sheet as of January 31. Note: Do not use negative signs with your answers, unless otherwise noted (such as Dividends). R. LADD & COMPANY Trial Balance January 31 Debit Credit Cash $ 0 $ 0 Accounts Receivable 0 0 Supplies 0 0 Land 0 0 Accounts Payable 0 0 Common Stock 0 0 Retained Earnings 0 0 Dividends 0 0 Fees Earned 0 0 Maintenance Expense 0 0 Advertising Expense 0 0 Office Rent Expense 0 0 Supplies Expense 0 0 Utilities Expense 0 0 Salaries Expense Totals 0 0 +A $ 0 $ 0 Revenue R. LADD & COMPANY Income Statement For the Month Ended January 31 Fees Earned +A Expenses Maintenance Expense Advertising Expense Office Rent Expense Supplies Expense Utilities Expense Salaries Expense Net Income Total Expenses +A $ 0 0 0 0 0 0 $ 0 0 +A $ 0 R. LADD & COMPANY Statement of Stockholders' Equity For the Month Ended January 31 Common Stock Retained Earnings Total Balance, January 1 $ 0 $ 0 $ 0 Add: Net Income 0 0 0 Less: Dividends paid(enter as a negative) 0 0 0 Balance, January 31 $ 0 $ 0 $ 0 R. LADD & COMPANY Balance Sheet January 31 Assets Liabilities $ 0 $ 0 0 Total Liabilities 0 Supplies Total Current Assets 0 0 Stockholders' Equity 0 0 0 Total Stockholders' Equity 0 Total Assets $ 0 Total Liabilities and Stockholders' Equity $ 0