Using the information presented below, prepare in proper format for the year ending December 31, 2022:

1. an income statement

2. a statement of retained earnings

3. a balance sheet

Metta World Peace Planners

Adjusted Trial Balance

December 31, 2022

_______________________________________________________________________

Debit Credit

Cash ............................................................................................ $ 78,000

Accounts Receivable .................................................................. 42,000

Prepaid Insurance ....................................................................... 6,000

Building ...................................................................................... 30,000

Accumulated DepreciationBuilding ....................................... $ 4,000

Accounts Payable ....................................................................... 5,000

Unearned Service Revenue ......................................................... 29,000

Common Stock............................................................................ 13,000

Retained Earnings ....................................................................... 21,000

Dividends .................................................................................... 2,000

Service Revenue ......................................................................... 99,000

Insurance Expense ...................................................................... 3,000

Depreciation Expense ................................................................. 7,000

Salaries Expense ......................................................................... 3,000

$ 171,000 $ 171,000

Use the tables provided to prepare the financial statements. The tables are formatted in red font.