Presented here are the accounts of Segura Accounting Services for the year ended December 31, 2025: 

Requirements 

1. Prepare Segura Accounting Services’ income statement for the year ended December 31, 2025. 

2. Prepare the statement of retained earnings for the year ended December 31, 2025. 

3. Prepare the balance sheet as of December 31, 2025.

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Land Notes Payable Property Tax Expense Dividends Rent Expense Salaries Expense Salaries Payable Service Revenue Supplies Retained Earnings, Dec. 31, 2024 $7,000 Common Stock 30,000 Accounts Payable 2,900 Accounts Receivable 31,000 Advertising Expense 14,000 Building 69,000 Cash 500 Equipment 192,000 Insurance Expense 8,000 Interest Expense 51,000 $ 32,000 14,000 1,700 17,000 137,900 6,000 17,000 2,000 6,000