answer the question with the required first file

M3-21 Preparing Financial Statements from a Trial Balance The following accounts are taken from Equilibrium Riding, Inc., a company that specializes in of thes Required: Using the unadjusted trial balance provided, create a classified Balance Sheet, Statement of Retained Earnings, and Income Statement for Equilibrium Riding. Inc., for the year ended December 31. (These financial statements would be considered "preliminary" because they use unadjusted balances.) TIP: Create the income Statement first, followed by the Statement of Retained Eamings, and finally, the classiffed Balance Sheet. Follow the formats presented in Exhibits 1,3,14 and 2.13. This assignment is based on Textbook Exercise- M3-21 (Equilibrium R Based on the information provided, you are required to: 1. Prepare an Income Statement for the year ending December 31; 2. Calculate the Net Profit Margin; and 3. Briefly explain what the profit margin means. Present your answers in the Excel Workbook attached. Rename the file w Assignment-Your First Name, Last Name. 12 April 2022, 2:38 PM