vusiness. ensume all Retained Earnings transactions relate to the primary purpose of A. Calculate the ending balance for each account. For those boxes in which you must enter Subtractive or negative numbers use a minus sign Assets Liabilities Accounts Wages Payable Payable Cash Inventory Equipment Owner's Equity Common Retained Stock Earnings $52,000 1 $52,000 2 (6,000) 56,000 3 $22,000 $22.000 1,250 (750) 6 600 7 $1,250 (750) (600) (3,000) 3,000 (175) $3,000 8 3,000 9 175 10 (1,000) 1,000 Ending Balance B. Create the income statement. Use mi Pancake Palace Income Statement For the Month Ended July 31 Revenues Expenses Net Loss C. Create the statement of owner's equit minus sign. Pancake Palace Statement of Owner's Equity For the Month Ended July 31 Ending Balance D. Create the balance sheet. For those boxes in whic Pancake Palace Balance Sheet July 31 Assets: Total Assets Liabilities: 000 DO QUI Total Liabilities $ Owner's Equity: Total Owner's Equity Total Liabilities and Owner's Equity