LO4 E3-37B. (Learning Objective 4: Preparing the financial statements) The adjusted trial balance of Sweet Hut, Inc., is as follows. AL December 31, 20x8 1 Sweet Hut, Inc. Adjusted Trial Balance 2 Amounts in thousands) 3 Account 4 Cash 5 Accounts receivable 6 Inventories 7. Prepaid expenses 8 Property, plant, and equipment 9 Accumulated depreciation 10 Other assets 11 Accounts payable 12 Income tax payable 13 Other liabilities 14 Share capital 15 Retained earnings (beginning, December 31, 20X7) 16 Dividends 17 Sales revenue 18 Cost of goods sold 19 Selling administrative, and general expenses 20 Income tax expense 21 22 Total 23 Adjusted Trial Balance Debit Credit $ 3,600 1.600 1,300 1,700 6,800 $ 2.800 9.600 7.900 1,000 2,800 4,900 4,800 1,200 40,900 26,400 10,500 2,400 $ 65,100 $ 65100 Requirement 1. Prepare Sweet Hut, Inc.'s Income Statement and statement of changes in equity for the year ended December 31, 20X8, and its Balance Sheet on that date. Draw arrows linking the three statements