Learning Goal: I’m working on a accounting report and need support to help me le

Learning Goal: I’m working on a accounting report and need support to help me learn.Step 1: Describe the accounting environment.Step 2: Prepare an income statement.Step 3: Prepare a statement of retained earnings.Step 4: Prepare a balance sheet.Complete each of the following assessment parts in sequence using the Week 1 Assessment 1 Template [XLSX]. All parts of the template should be submitted together. Each template tab corresponds to one of the following assessment parts.