For the midterm assignment, I am asking that you prepare the following from the adjusted trial balance given:

Income Statement - 20 points Statement of Stockholder's Equity - 10 points The handout reads "Statement of Retained Earnings," as in a prior edition of the book, it was termed as such, but now the Statement of Stockholder's Equity includes both Common Stock and Retained Earnings. Balance Sheet - 20 points Closing Entries - 10 points This assignment is worth 60 points in total. We worked on an example in class this past Tuesday, and the example can be found in this week's module. To be fair and equitable, since I have allowed some other students, which had extenuating circumstances, in which they could not be present in class to work on this outside of class, I am offering the same treatment and flexibility, to all. It is very important to me that I am fair to everyone in the class.

The Crystal Consulting Group is a nancial planning services rm owned and operated by Andrea Stoll. As of December 31, 2021, the end of the year, the accountant, for the Crystal Consulting Group, prepared an adjusted trial balance as follows: Crystal Consulting Adjusted Trial Balance December 31, 2021 Account Title DEBIT CREDIT Cash $11,000 Accounts Receivable 28,150 Supplies 0,350 Prepaid Insurance 0,500 Land 25,000 Buildings 250,000 Accumulated DepreciationBuildings 112,200 Equipment 240,000 Accumulated Depreciation-Equipment 151,200 Accounts Payable 33,300 Salaries Payable 3,300 Unearned Rent 1,500 Common Stock 25,000 Retained Earnings 105,000 Dividends 20,000 Equipment 240,000 Accumulated Depreciation-Equipment 151,700 Accounts Payable 33,300 Salaries Payable 3,300 Unearned Rent 1,500 Common Stock 25,000 Retained Earnings 195,000 Dividends 20,000 Service Fees 468,000 Rent Revenue 5,000 Salaries Expense 291,000 Depreciation Expense-Equipment 17,500 Rent Expense 15,500 Supplies Expense 9,000 Utilities Expense 8,500 Depreciation Expense-Buildings 6,600 Repairs Expense 3,450 Insurance Expense 3,000 Miscellaneous Expense 5,450 1,000,000 1,000,000 Please prepare the following financial statements, as well as closing entries: 1. Income Statement - 20 points 2. Statement of Retained Earnings - 10 points