Below is an alphabetical listing of all the accounts for T.O.'sDance studio on 12/31/11. Assume all adjustments have been made andall balances are \"normal.\" Accounts payable 3,000 Accountsreceivable 8,000 accumulated depreciation-Equip. 3,000 Contributedcapital 2,000 Cash 5,000 Depreciation expense 1,000 Dividendsdeclared 1,000 Equipment 9,000 Income Tax expense 1,000 IncomeTaxes Payable 1,000 Service Revenue 18,000 Rent Expense 2,000Retained Earnings(as of 1/1/11) 3,000 Unearned Revenue 1,000 wageexpenses 4,000. Now prepare an Income Statement in good form forT.O.'s Dance Studio. Also prepare closing entries for T.O.'s Dancestudio, Prepare The Statement of Retained Earnings for T.O.'s DanceStudio , & lastly Prepare the Classified Balance Sheet forT.O.'s Dance Studio.
