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Use the following information to prepare an Income Statement, a Statement of Retained Earnings, and a Balance Sheet. Be sure to use good form on

Use the following information to prepare an Income Statement, a Statement of Retained Earnings, and a Balance Sheet. Be sure to use good form on all statements. Lake City Hometown Dcor has the following account balances as of March 31, 2022. At the beginning of the year (01/01/2022), they had Common Stock of $10,000, Beginning Retained Earnings balance of 9,800, and at the end of the quarter, Hometown paid Dividends of $3000. Prepare an Income Statement, a Statement of Retained Earnings, and a Balance Sheet for the quarter ending 03/31/2022. Accounts Payable $500 Accounts Receivable $3500 Rent Expense $3000 Insurance Expense $400 Interest Expense $100 Service Revenue) $15,000 Salaries Payable $850 Office Supplies $1200 Salaries Expense $3800 Utilities Expense $1350 Cash $19,800 What is meant by good form? Your financial statements should look very similar to those in the textbook and power point. You can do this in a word document or in Excel. Make sure your statements are labeled properly. I cannot emphasize this enough-LOOK AT THE EXAMPLES IN YOUR TEXTBOOK OR POWER POINT

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