Using the Susquehnna Equipment Rentals information found in your Williams et al textbook, prepare an income statement, a statement of retained earnings for the year ended December 31, and a balance...

Using the Susquehnna Equipment Rentals information found in your Williams et al textbook, prepare an income statement, a statement of retained earnings for the year ended December 31, and a balance sheet (in report form) as of December 3.
Include the following (each on a separate tab in your worksheet):

• Income Statement (25 points)
  
  
  
  • Net Profit
  
  
  • EBIT
  
  
  
  

• Statement of Retained Earnings (25 points)
  
  
  
  • Dividends Paid
  
  
  • Addition to Retained Earnings
  
  
  
  

• Balance Sheet (25 points)
  
  
  
  • Total Assets
  
  
  • Total Liabilities
    
    
  
  
  
  


• On the fourth tab in your workbook,answer this question (5 points) in about three sentences:
  
  
  
  • After completing the comprehensive problem for Susquehnna Equipment Rentals, do you think it would it be ethical for Patty Driver to create the financial statements and accounting records for this company? Or, should they be maintained by someone who is independent of the organization? Why or why not? I think they should hire independent contractor to prepare all their financial statement for the company that is my view.
  
  
  
  

Using the Susquehnna Equipment Rentals information found in your Williams et al textbook, prepare an income statement, a statement of retained earnings for the year ended December 31, and a balance sheet (in report form) as of December 3. Include the following (each on a separate tab in your worksheet): · Income Statement (25 points)  · Net Profit · EBIT · Statement of Retained Earnings (25 points)  · Dividends Paid · Addition to Retained Earnings · Balance Sheet (25 points)  · Total Assets · Total Liabilities · On the fourth tab in your workbook,answer this question (5 points) in about three sentences: · After completing the comprehensive problem for Susquehnna Equipment Rentals, do you think it would it be ethical for Patty Driver to create the financial statements and accounting records for this company? Or, should they be maintained by someone who is independent of the organization? Why or why not? I think they should hire independent contractor to prepare all their financial statement for the company that is my view.