You will be REQUIRED to prepare the following statements from the WORKSHEET

1. Income statement for the year ended December 31, 2013

2. Statement of Retained Earning for the year ended December 31, 2013 and

3. Balance sheet as at December 31, 2013.

WAREN SPORTS SUPPLY YEAR-END WORKSHEET (Accounts with no activity in this worksheet December 31, 2013 are excluded in this sol DEBIT CREDIT 0300 20300 20400 20700 20900 Common stock 2250000.00 225 00 000 26000 Sales 5885 1000 1588 571 000 588 571 00 Sales discounts taken 15.405.82 1540 1540512 30400 30500 Purchases returns and alowances E445030 1844500 000 purchases discount taken 16650.40 16,650A0 000 30800 Miscelaneous revenue B25.00 8125.00 2500 Rent expense 2020 40100 40200 40300 I404000 Dep 40500 40B00 Bad debt e 41000 other operating expens Net Income Loss