Question: Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] The following is the adjusted trial balance

information applies to the questions displayed below.] The following is the adjusted

Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] The following is the adjusted trial balance of Sierra Company. QS 3-30 (Algo) Preparing an income statement \& statement of retained earnings LO C2 (1) Prepare an income statement for the year ended December 31. (2) Prepare a statement of retained earnings for the year ended December 31. The Retained earnings account balance was December 31 of the prior year. Complete this question by entering your answers in the tabs below. Prepare a statement of retained earnings for the year ended December 31. The Retained earnings account balance was $6,500 on December 31 of the prior year

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