BTS Corporation provided the following balances in its trial balance for the year ended December 31, 2021 ACCOUNT TITLES DEBIT CREDIT Patent 160,000 304,000 Prepaid rent expense Raw materials inventory Cash and cash equivalents Notes payable (due April 1, 2022) Investment in equity securities FVPL Machinery and equipment Accumulated depreciation - machinery and equipment Accounts receivables Goods in process inventory Bonds payable - at fair value Bonds payable Investment in debt securities - FVOCI 358,500 817,300 435,100 525,910 6,200,500 1,860,150 227,350 56,280 350,100 1,200,000 748,950 Land Sales 8,450,000 5,800,210 Accrued interest income Allowance for doubtful accounts Premium on bonds payable Retained earnings (beginning) Raw material purchases Building Accumulated depreciation - building Direct labor Notes receivable (from trade customers) Loss on change in fair value attributable to credit risk of a 51,500 45,470 96,000 3,714,024 1,730,540 5,145,000 1,029,000 813,900 325,000 financial liability designated as FVPL Unrealized loss on investment in equity securities - FVPL Finished goods inventory Unrealized gain on investment in debt securities - FVOCI Distribution cost Manufacturing overhead Advances to officers and employees (current) Accrued utilities expense 85,750 103,870 245,660 230,350 217,940 346,920 50,280 292,750 Income tax payable Office supplies Administrative cost Finance cost 154,621 45,710 163,455 65,382 Accounts payable Share capital Share premium Gain on sale of equipment Purchase returns and allowance 326,900 8,125,000 2,057,590 164,370 68,452 Sales discounts Freight in Share dividends payable 290,011 173,054 2,437,500 Income tax expense Amortization of patent 618,485 40,000 Income summary 686,780 29,048,027 660,440 TOTALS 29,048,027 Ending Beginning 256,000 Raw materials, beginning Goods in process, beginning 358,500 105,720 56,280 Finished goods, beginning 325,060 245,660 Total 686,780 660,440

The retained earnings statement should be prepared a.after the income statement and before the balance sheet b.after the income statement and balance sheet c.before the income statement and after the balance sheet d.before the income statement and balance sheet

which items are disclosed on a balance sheet

How do we date our financial statements?   a Income Statement Specific date; Statement of Retained Earnings and Balance Sheet: Period of time.   b Income Statement Specific period of time; Statement of Retained Earnings and Balance Sheet: Specific date       c Income Statement and Statement of Retained Earnings: Specific date; Balance Sheet: Period of time.       d Income Statement and Statement of Retained Earnings: Period of time; Balance Sheet: Specific date.

From the dropdown box beside each numbered balance sheet item, select the option of its balance sheet classification. If the item should not appear on the balance sheet, choose the option "No item required" from the selection choices.