From the following Company Z 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 $ 54,650 28,750 8,000 22,000 Cash Accounts receivable Prepaid insurance Land Accounts payable Salaries payable Common stock Retained earnings Dividends Service revenue Insurance expense Salaries expense Miscellaneous expense 36,000 32,000 126,500 56,900 364,800 Credit $ 14,300 4,250 50,000 38,900 257,350 364,800