Please refer to the image below for the instructions and content of this activity. Neatly present your hand-written answers on three separate sheets of paper, one for each output (Income Statement, Retained Earnings Statement, and a Balance Sheet).

Use the following accounts and information to prepare, an Income Statement, a Retained Earnings Statement, and a Balance Sheet for JTC Industries for the month ended August 31, 2017. 1,100.00 3,000.00 5,400.00 1,200.00 63,000.00 1,400.00 Accounts payable Dividends Accounts receivable Insurance expense Buildings Supplies Cash Notes payable Service revenue Rent expense Common stock Salaries expense Retained earnings (beginning) 20,600.00 3,300.00 25,700.00 3,400.00 52,000.00 10,000.00 25,900.00