Prepare the financial statements for Smart Touch Learning for the month of December. Remember that the business started operations this month so all beginning balances were 0. For the Statement of Retained Earnings and the Balance Sheet, enter any decreases with a negative sign or parentheses.

\fV V V Dividends Net income for the month Retained Earnings, December 1, 2016 Retained Earnings, December 31, 2016 VAssets Liabilities Total Liabilities Stockholders' Equity Less: Total Stockholders' Equity Total Liabilities and Stockholders' Total Assets EquitySMART TOUCH LEARNING Adjusted Trial Balance December 31, 2016 Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Furniture Accumulated Depreciation Furniture Salaries Payable Unearned Revenue Common Stock Dividends Service Revenue Balance Debit Credit 41,370 2,100 420 900 1 1,800 200 4,700 4,400 38,400 4,500 24,400 Salaries Expense 7,600 Depreciation Expense - Furniture 200 Insurance Expense 300 Utilities Expense 380 Rent Expense 2,400 Supplies Expense 130 Total 72, 100 72,100