Tableau DA 2-1: Quick Study, Identifying normal balance LO C4 Maria Gomez owns and manages a consulting firm called Accel, which began operations on December 1. She asks us to assist her with some financial reporting questions. On December 31, we are provided with a Tableau Dashboard that includes selected accounts and amounts for the month of December Assets Liabilities $14,000 $12,000 Notes Payable Unearned Revenue $10,000 $8,000 $6,000 $4,000 Accounts Payable $2,000 Equity $0 Common Stock $9,200 Cash Equipment Accounts Receivable Notes Prepaid Receivable Insurance Supplies Dividends $4,000 Expenses Advertising Expense Rent Expense Salaries Expense Utilities Expense Revenues Consulting Revenue Rental Revenue +ableau K TO 1. Indicate the amount along with the normal balance (debit or credit) for each of the following accounts from the Tableau Dashboard. 2. Indicate the amount of each of the following accounts from the Tableau Dashboard, and then state whether a debit or credit decreases the normal balance. 1. Prepare an income statement for the month ended December 31. 2. Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December 1 was $0. Hint. Use the net income calculated in part 1. 3. Prepare a balance sheet as of December 31. Hint Use the ending retained earnings balance calculated in part 2. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare an income statement for the month ended December 31. ACCEL Income Statement Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a statement of retained earnings for the month ended December 31. The retained earnings account balance at December 1 was $0. Hint: Use the net income calculated in part 1. ACCEL Statement of Retained Earnings Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare a balance sheet as of December 31. Hint: Use the ending retained earnings balance calculated in part 2. ACCEL Balance Sheet