Question: Need help completing this problem: Microsoft Excel P1-1 Income statement, retained earnings statement, and balance sheet The amounts of the assets and liabilities of Utah
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Microsoft Excel


P1-1 Income statement, retained earnings statement, and balance sheet The amounts of the assets and liabilities of Utah Travel Service as of April 30, 20Y6, the end of the current year, and its revenue and expenses for the year are listed below. The retained earnings were $300,000, and the capital stock was $90,000 as of May 1, 20Y5, the beginning of the current year. Dividends of $75,000 were paid during the current year Obj 4 af ais ana tes n ne 1 gining 1. Net income: $250,000 Accounts payable Accounts receivable Cash Fees earned Miscellaneous expense Rent expense Supplies Supplies expense laxes expense Utilities expense Wages expense 71,500 188,100 428,300 1,594,200 16,000 226,800 20,100 42,600 33,600 135,000 890,200 Instructions 1. Prepare an income statement for the current year ended April 30, 20Y6. 2. Prepare a retained earnings statement for the current year ended April 30, 20Y6. 3. Prepare a balance sheet as of April 30, 20Y6
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