Question: The final assignnsent is based on the following information. Sugar Rush, Inc. opens its first ice cream store in Calgary in January 2022 . It

The final assignnsent is based on the following information. Sugar Rush,

The final assignnsent is based on the following information. Sugar Rush, Inc. opens its first ice cream store in Calgary in January 2022 . It prepares quarterly Ginancial statements for its owners and exienal stakeholders. Below is the unadjusted trial balance of Sugar Hush at the end of the Znd quarter of its first year of operation (April 1- June 30, 2022). Sugar Rush inc. Unadjusted Trial Balance At June 30, 2022 Required: Based on the unadjusted trial balance of Sugar Rush, inc. above, you are required to prepare/write the following: 1) An income statement (o points); 2) A statement of retained earnings (4 points). 3) Balance Sheet (12 points); 4) A paragraph stating your evaluation of the company's performance and financial status for the quarter ending fune 30,2022 . ( 6 points) In your evaluation, state whether: - the business is profitable; o it is able to pay its current obligations/liabilities; and - its assets are financed more by debts ar equity. You may state any other insights you have on the company's financial statements. Justify your evaluation and support your discussion with relevant calculations or ratios

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