The following Trial Balance exists at December 31, 2010 for Hockey Consultants Inc.

Required:
Prepare an income statement, statement of retained earnings, and a balance sheet for Hockey Consultants Inc.

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Hockey Consultants Inc Trial Balance December 31, 2010 Debit ($000s) Credit ($000s) 12,000 Accounts Accounts payable Accounts receivable Building, ne Cash Consulting fees earned Hydro expense Insurance expense Land Unearned consulting fees Office salaries expense Prepaid insurance Sales salaries expense Supplies expense Common shares Retained earnings Dividends Totals 50,000 500,000 30,000 550,000 35,000 18,000 200,000 150,000 45,000 9,000 65,000 8,000 200,000 123,000 5,000 1,035,000