Below is Kuskonook Inc.€™s (Kuskonook) December 31, 2017 trial balance, which was prepared before the closing journal entry was recorded. Use the trial balance to prepare Kuskonook€™s balance sheet as of December 31, 2017 and the income statement for the year ended December 31, 2017. The accounts in the trial balance are listedalphabetically.

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Kuskonook Inc. Trial Balance December 31, 2017 Account Accounts payable and accrued liabilities Accounts receivable Accumulated depreciation Bank loan payable Cash Common shares Cost of sales Depreciation expense Dividends payable Income tax expense Income taxes payable Intangible assets Interest expense Interest payable Inventory Loan receivable Long-term loan receivable Note payable Note payable-current portion Other expenses Prepaid assets Property, plant, and equipment Retained earnings Revenue Salaries and commissions expense Salaries and commissions payable Selling, general, and administrative expense Unearned revenue Debit Credit S 200,000 125,000 825,000 150,000 25,000 1,250,000 2,445,000 250,000 18,000 350,000 15,000 1,000,000 180,000 12,000 224,000 48,000 110,000 2,100,000 300,000 182,000 18,000 5,825,000 808,000 6,650,000 950,000 29,000 725,000 100,000 $12,457,000 S12,457,000