Question: can someone please help me with this Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement of Retained
Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement of Retained Earnings and (c) Balance Sheet for Tiger Inc. Tiger, Inc. Adjusted Trial Balance December 31, 20 Cash Accounts receivable $33,750 175,000 262,500 Office equipment Accumulated depreciation: office equipment Accounts payable Income taxes payable Capital stock Retained earnings Dividends Sales commissions earned Advertising expense Rent expense Salaries expense Utilities expense Depreciation expense: office equipment Income taxes expense $50,000 100,000 50,000 125,000 100,000 42,500 542,500 80,000 110,000 112,500 76,250 25,000 50,000 967 500 967 500
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