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Tutors for Rent Limited, performs adjusting entries every month, but closes its accounts only a year end The company's year-end adjusted trial balance dated December

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Tutors for Rent Limited, performs adjusting entries every month, but closes its accounts only a year end The company's year-end adjusted trial balance dated December 31, 2013, was $ 91,100 4,500 12 000 5.000 1.500 TUTORS FOR RENT LIMITED ADJUSTED TRIAL BALANCE DECEMBER 31, 2013 Cash Accounts receivable Supplies Equipment Accumulated depreciation equipment Accounts payable Income taxes payable Share Capital Retained earnings Dividends Tutoring revenge amed Salary expense Supply expense Advertising expense Depreciation expense equipment Income taxes expense 25.000 2.000 52.000 1 200 300 1000 11 600 $ 176.000 $ 176.000 3.1. Prepare an income statement for the year ended December 31, 2013 input all amounts as positive values. Omit the "S" sign in your response.) a-2. Prepare a statement of changes in equity for the year ended December 31, 2013. (Input all amounts as positive values Omit the "S" sign in your response.). a-3.. Prepare the company's statement of financial position dated December 31, 2013. (Be sure to list the assets and liabilities in order of their liquidity. Input all amounts as positive values. Omit the "S" signinyour response). b. Does the company appear to be liquid? Yes Now Has the company been profitable in the past? Yes Now

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