Question: Prepare a single-step income statement, a statement of shareholders' equity, and a balance sheet. (Always use cell references and formulas where appropriate to receive

Prepare a single-step income statement, a statement of shareholders' equity, and a

Prepare a single-step income statement, a statement of shareholders' equity, and a balance sheet. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. Use cell references from prior calculations, if applicable.) Expenses: Rent Expense Wage Expense Utilities Expense Depreciation Expense Administrative Expense Total Expenses ASSETS: Current Assets: Total Current Assets Noncurrent Assets: Total Noncurrent Assets TOTAL ASSETS Magic Cleaning Services LIABILITIES AND STOCKHOLDERS' EQUITY: Current Liabilities: Total Current Liabilities $2,400 72,600 6,200 3,000 16,000 100,200 Common Stock Retained Earnings Total Equity

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