Problem II (Part A Income Statement) (25 points) From the in…
Problem II (Part A Income Statement) (25 points) From the information given below, prepare an Income Statement IN GOOD FORM. Donald Duck, the sole stockholder, began Geese, Inc., on August 1, 2021. The accounts balances below are the summary of transaction analyses for Geese, Inc. and contains the following balances on September 30, 2021 AFTER any needed adjustments for September have been completed. Geese, Inc. prepares monthly Financial Statements. Note: the parts are interconnected. Accounts Receivable $11,400 Prepaid Insurance $ 1,800 Accounts Payable 7,400 Maintenance and Repairs Expense 1,200 Cash 15,940 Service Revenue 15,500 Equipment 59,360 Dividends 800 Utilities Expense 950 Common Stock 40,000 Insurance Expense 600 Salaries and Wages Expense 8,400 Notes Payable, due 2025 31,450 Salaries and Wages Payable 900 Retained Earnings (September 1, 2021) 5,200 To create a table, open the table editor as indicated in the image below. (Add rows and columns as needed. Suggestion, leave two blank rows at the top of the table.)