Based on the following trial balance for Barry's Automotive Shop,prepare an income statement,statement of retained earnings,and a balance sheet.Barry,the company's sole stockholder,made no additional investments in the company during the year.
Definitions:
Bystander Intervention
The act of stepping in to help when one sees someone else in danger or in need of assistance, to prevent harm.
Self-Awareness
Understanding oneself, including character traits, emotional responses, motives, and appetites.
Cognitive Dissonance
The emotional turmoil occurring from possessing conflicting beliefs, ideas, or values at the same time.
Darley And Latané
Social psychologists known for their research on the bystander effect, illustrating how the presence of others affects individual willingness to help.
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