1. This problem is designed to give you a brief review of Worksheet. Complete the worksheet You are required to complete the income statement and balance sheet columns. income statement CR Retained Earnings DR 50.000 Adjusted Trial Balance CR 30.000 Accounts Receivable 50.000 10.000 100,000 Accumulated Dep. - Building 20,000 Accounts Payable 10,000 Accred Sales Payable 10 000 Depreciation Expense 10,000 Salaries Expense 10.000 Room Sales Revenge 50,000 Dividends 10.000 Common Stock 60.000 Retained Earnin, beginning 70 000 220,000 220,000 Net Income Retained Earnings, ending Total Does this may have a ne income ornet lose 10,000 $ What is the amount of Net Income? 2. Based on the worksheet above, prepare financial statements, a Single Step Income Statement The date of preparation of this stoc 31, 2017 JYP Corporation Income Statement Revenues Total revenue Expenses Total expenses Net Income b. Retained Earnings Statement The date of preparation of this statement: Jamry 31, 2017 JYP Corporation Retained Earnings Statement Retained earnings, previous Less: Dividends Retained earnings, January 31, 2017