$13$

QS $3-19($Algo$)$ Preparing financial statements LO P$5$

The adjusted trial balance for Happ Company follows.

$\backslash$table$[[\{$

$\backslash$table$[[$Adjusted Trial Balance$],[$December $31]]\}],[],[101,$Cash,$ $8,100,],[106,$Accounts receivable,$35,397,],[153,$Trucks,$39,500,],[154,$Accumulated depreciation$-$Trucks,,$ $15,879],[183,$Land,$30,000,],[201,$Accounts payable,,$18,873],[209,$Salaries payable,,$4,317],[233,$Unearned revenue,,$3,717],[307,$Common stock,,$18,000],[318,$Retained earnings,,$47,588],[319,$Dividends,$27,704,],[401,$Plumbing revenue,,$99,000],[611,$Depreciation expense$-$Trucks,$5,293,],[622,$Salaries expense,$46,332,],[640,$Rent expense,$15,048,],[,$Totals,$ $207,374,$$ $207,374]]$

a$.$ Use the adjusted trial balance to prepare the December $31$ year$-$end income statement.

b$.$ Use the adjusted trial balance to prepare the December $31$ year$-$end statement of retained earnings. The Retained earnings account balance was $$47,588$ on December $31$ of the prior year.

c$.$ Use the adjusted trial balance to prepare the December $31$ year$-$end balance sheet.

Complete this question by entering your answers in the tabs below.

Required A

Required B

Required C

Use the adjusted trial balance to prepare the December $31$ year$-$end income statement.

$\backslash$table$[[$HAPP COMPANY,$],[$Income Statement,,$],[$Revenues$,,],[,,],[$Expenses$,,],[,,],[,,],[,,],[$Total expenses,,$]]$