Note from Miranda: using the provided adjusted trial balance and templates, can you please prepare the financial statements so that next week we can analyze and present the statements?

Adjusted Trial Balance: Note, there are minor differences between this trial balance and previous versions, there is no need to adjust this trial balance for any transactions, please use this TB exactly to prepare the financial statements.

Plants From Paradise
Adjusted Trial Balance
December 31, 2021
Account Number	Account Name	Debit Balance		Credit Balance
1000	Cash	12,200
1010	Accounts Receivable	18,859
1015	Allowance for Doubtful Accounts	500
1020	Interest Receivable	3,000
1030	Inventory - Plants	12,500
1040	Inventory – Soil	15,500
1050	PPE – Equipment	45,500
1055	Acc. Amortization – Equipment	19,500
1060	PPE – Building	145,000
1065	Acc. Amortization - Building	22,000
2000	Accounts Payable	19,576
2010	Salaries Payable	7,875
2020	Line of Credit	2,000
2025	Interest Payable	515
2030	Unearned Revenue	7,600
3000	Miranda Cornell, Capital	111,854
4000	Sales Revenue – Plants	167,894
4010	Sales Revenue – Soil	45,673
4020	Sales Revenue – Delivery	12,345
5000	Cost of Goods Sold	106,784
5000	Salaries Expense	29,154
5040	Bad Debt Expense	4,500
5050	Utilities	2,275
5060	Amortization Expense	15,500
5060	Repairs Expense	3,700
5070	Interest Expense	2,860
Total Balance	$417,332	$417,332

Templates:

Income Statement:

(Company)

(Statement)

(Date)

Revenues

Less: Cost of Goods Sold

Gross Profit

Operating Expenses

Total Operating Expenses

Profit/Loss

Statement of Owner’s Equity:

(Company)

(Statement)

(Date)

(capital)