Wilson Farms has completed its year-end adjusting entries and prepared an adjusted trial balance. It now needs to create an Income Statement, Statement of Owner's Equity, and Balance Sheet. This is the first year of operations so all account beginning balances are zero.

Requirements

Complete the Income Statement and Balance Sheet section of the Worksheet

In a separate sheet within the workbook, create and complete an Income Statement from the financial data in the Worksheet

Appropriate underlining and dollar signs must be included. A double underline should be under the Net Income (Loss) amount.

Expenses should be listed in order of amount from largest to smallest with interest expense listed as the last expense even if it is not he smallest amount.

In a separate sheet within the workbook, create and complete a Statement of Owner's Equity from the financial data in the Worksheet

Appropriate underlining and dollar signs must be included. A double underline should be under the ending Owner's Equity amount.

In a separate sheet within the workbook, create and complete a Balance Sheet from the financial data in the Worksheet

Appropriate underlining and dollar signs must be included. A double underline should be under the Total Assets and the Total Liabilities and Owner's Equity amounts.

Worksheet December 31, 2022