From the following Company Y adjusted trial balance, prepare simple financial statements, as follows:
A. Income Statement
B. Retained Earnings Statement
C. Balance Sheet

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Adjusted Trial Balance Debit $ 32,000 17,300 6,400 10,000 Cash Accounts receivable Prepaid insurance Land Accounts payable Salaries payable Common stock Retained earnings Dividends Service revenue Insurance expense Salaries expense Miscellaneous expense 8,000 5,600 24,000 22,800 126,100 Credit $ 10,900 6,000 31,000 4,200 74,000 126,100