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2) Financial Statements: The accounts and their amounts for Belgrave Co. at December 31 are listed below. Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet. 5,300 5,850 360 700 2,600 Cash Accounts Receivable Supplies Prepaid Insurance Machinery Accumulated Depr. Mach. Salary Payable Capital Stock Retained Earnings Dividends Revenue Insurance Expense Salary Expense Miscellaneous Expense epreciation Expense Totals 1,650 400 5,200 1,940 500 13,250 120 6,210 340 460 $22.440 | $22.4401 2
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