Question: Using the information presented below, prepare in proper format for the month ending December 31, 2020: 1.an income statement 2.a statement of retained earnings 3.a

Using the information presented below, prepare in proper format for the month ending December 31, 2020:

1.an income statement

2.a statement of retained earnings

3.a balance sheetUsing the information presented below, prepare in proper format for the month

Using the information presented below, prepare in proper format for the month ending December 31, 2020: 1. an income statement 2. a statement of retained earnings 3. a balance sheet Metta World Peace Financial Planners Adjusted Trial Balance December 31, 2020 Debit Credit Cash $ 7,500 Accounts Receivable 12,000 Prepaid Insurance 6,000 Building 30,000 Accumulated Depreciation - Building Accounts Payable 5,000 $ 4,000 Unearned Service Revenue 12,000 Common Stock 13,000 9,000 Retained Earnings Dividends 2,000 Service Revenue 27,500 Insurance Expense 3,000 7,000 Depreciation Expense Salaries Expense $ 70,500 $ 70,500 3,000

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