1) Prepare a Statement of Income for Moller Computing Services for the 2017-year end.

2) Prepare a classified Statement of Financial Position for Moller Computing Services for the 2017-year end. (List Current Assets in order of liquidity.)

3) Determine the balance of the Retained Earnings account as of January 1, 2017.

Moller Computing Services provides computer consulting services and related computing services to small businesses. The account balances taken from the adjusted trial balance on December 31, 2017 are shown below: Moller Computing Services Adjusted Trial Balance December 31, 2017 $44,400 Accumulated depreciation - equipment Advertising expense 16,210 10,730 Cash Depreciation expense 14,800 183,520 Equipment Interest expense Note payable, due December 1, 2020 890 22,200 Supplies 6,290 3,110 Other operating expenses Prepaid advertising Retained earnings (Beginning of year balance less dividends of $14,800) 1,550 Sales 435,340 Salaries and wages expenses 138,900 Common shares 111,000 Accounts payable 2,810 Accounts receivable 9,070 Unearned revenue 7,990 8,105 Income tax expense Cost of goods sold 238,280