1 The following is a Trial Balance for Tara's Treats Inc at Dec 31, 2016 Debit $32,428 24,776 2,608 3,600 10,000 300,000 Credit Cash - Accounts Receivable - Supplies Prepaid Insurance Land Building Accum Dep- Blg Equipment Accum-Dep-Equip Accounts Payable Notes Payable Unearned Revenue -Common Stock Retained Earnings Dividends Accumulated Depreciation-Blg Accumulated Depreciation-Equip Service Revenue Cost of Goods Sold Expense700,000 Wage Expense Advertising Expense Depreciation Expense Utility Expense Maintenance Expense Interest Expense Income Tax Expense 50,000 150,000 40,000 30,088 50,000 4,600 75,000 46,626 18,000 44,800 44,000 1,242,526 50,000 28,600 19,000 84,400 198,200 1,800 4,228 Total S1,627,640 $1,627,640 Required: Prepare an Income Statement, a Statement of Retained Earnings and a Classified Balance Sheet at Dec. 31, 2016