Mondrian Company show the following balances. Prepare an Income statement, statement of retained earnings and...

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Mondrian Company
Balance Sheet
Dec 31 Year 2
Assets		Liabilities


		Total liabilities
		Equity



		Total equity
Total assets		Total liabilities and equity

Mondrian Company show the following balances. Prepare an Income statement, statement of retained earnings and a balance sheet.
Cash	14,900
Accounts receivable	6,200
Supplies	8,400
Equipment	15,900
Accounts payable	2,400
Common stock	22,000
Retained earnings, Dec. 31, Year 1	15,900
Retained earnings, Dec. 31, Year 2	7,200
Owner Draw	14,200
Consulting revenue	45,200
Rental revenue	17,400
Salaries expense	18,500
Rent expense	16,700
Selling and administrative expenses	8,100

Mondrian Income Statement Year 2


Total Revenue

Expenses



Total Expenses

Net Income (Revenue- Expenses)


ARMANI COMPANY
Statement of Retained Earnings
Dec 31, Year 2
Retained earnings, Dec. 31, Year 1
Add: Net income

Less: Owner Draw
Retained earnings, Dec. 31, Year 2

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