Which of the Following Describes the Correct Order of How

Multiple Choice

Which of the following describes the correct order of how financial statements are prepared from the information taken from the trial balance?

A) Compute net income, Identify all revenues and expenses, Compute the ending retained earnings balance, Prepare a balance sheet
B) Identify all revenues and expenses, Prepare a balance sheet, Compute the ending retained earnings balance, Compute net income
C) Compute the ending retained earnings balance, Compute net income, Prepare a balance sheet, Identify all revenues and expenses.
D) Identify all revenues and expenses, Compute net income, Compute the ending retained earnings balance, Prepare a balance sheet.