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2 The following accounts are taken from Equilibrium Riding, Incorporated, a company that specializes in occupational therapy and horseback riding lessons, as of December 31. EQUILIBRIUM RIDING, INCORPORATED 1.87 points eBook Print References Account Name Cash Accounts Receivable Prepaid Insurance Equipment Land Accounts Payable Deferred Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Unadjusted Trial Balance At December 31 Debits Credits $ 59,750 3,300 4,700 64,600 23,000 $ 29,230 1,500 74,000 5,000 14,500 35,700 Repairs and Maintenance Expense Office Expense Totals Required: 3,900 410 270 $ 159,930 $ 159,930 1. Using the unadjusted trial balance provided, create an Income Statement for Equilibrium Riding, Incorporated, for the year ended December 31. 2. Using the unadjusted trial balance provided, create a Statement of Retained Earnings for Equilibrium Riding, Incorporated, for the year ended December 31. If there are no dividends, include a line that reports Dividends of zero. 3. Using the unadjusted trial balance provided, create a classified Balance Sheet for Equilibrium Riding, Incorporated, for the year ended December 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the unadjusted trial balance provided, create an Income Statement for Equilibrium Riding, Incorporated, for the year ended December 31. EQUILIBRIUM RIDING, INCORPORATED Income Statement 0 0 < Required 1 Required 2 >

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