The adjusted trial balance of Nicks Financial Planners appears below a

The adjusted trial balance of Nicks Financial Planners appears below and using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2015. Use the information to prepare: 1. an income statement; 2. a retained earnings statement; and 3. a balance sheet.NICKS FINANCIAL PLANNERSAdjusted Trial BalanceDecember 31, 2014______________________________________________________________________ Debit Credit Cash ………………………………………………………………………………………….. $ 15,400Accounts Receivable …………………………………………………………………… 2,200Supplies …………………………………………………………………………………….. 1,800Equipment …………………………………………………………………………………. 15,500Accumulated DepreciationEquipment ……………………………………….. $ 4,000Accounts Payable ……………………………………………………………………….. 3,000Unearned Service Revenue ………………………………………………………….. 5,000Common Stock………………………………………………………………………………………….. 15,000Retained Earnings ………………………………………………………………………. 7,400Dividends ………………………………………………………………………………….. 3,500Service Revenue …………………………………………………………………………. 9,500 Supplies Expense ……………………………………………………………………….. 1,100Depreciation Expense …………………………………………………………………. 2,500Rent Expense ……………………………………………………………………………… 1,900 $43,900 $43,900

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