Romney's Marketing Company has the following adjusted trial balance at December 31, 2018. No dividends were declared. However, 500 shares ($0.10 par value per share) issued at the end of the year for $3,000 are included below:

Prepare a multi-step statement of earnings in good fonn for 2018. Include earnings per share.

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Credit Debit Cash 1,500 Accounts receivable 2,200 100 Interest receivable Prepaid insurance Notes receivable (long-term) Equipment Accumulated depreciation 1,600 2,800 15,290 3,000 Accounts payable 2,400 Accrued expenses payable Income taxes payable Deferred rent revenue Contributed capital (800 shares) 3,920 2,700 500 3,700 Retained earnings Sales revenue Interest revenue Rent revenue 2,000 38,500 100 800 Wages expense 19,500 Depreciation expense Utilities expense Insurance expense Rent expense Income tax expense Total 1,800 380 750 9,000 2,700 57,620 57,620