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0 Points) Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of retained earnings, and a balance sheet. There
0 Points) Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of retained earnings, and a balance sheet. There were no additional stock inmances during the year. Barry's Automotive Shop Trial Balance December 31 Debit Credit Cash 12,500 Accounts receivable 1,500 Supplies 500 Repair shop sqlment 27,000 Bervice trock 33,000 Accounts payable Common Stock $2,600 30,000 Retained Earnings 0,525 Dividends 36,000 Service revanos 125,000 Supplies expens 3,425 Rent pan 18,000 Utilities expans 5,000 Gen expens 7,200 22.000 Totals $166,125 $166,125
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