1) Use the trial balance for Barry's Automotive Shop and prepare a properly formatted

Income Statement.

2) Use the trial balance for Barry's Automotive Shop and prepare a properly formatted

Statement of Retained Earnings.

3) Use the trial balance for Barry's Automotive and prepare properly Balance Sheet.

Barry's Automotive Shop, Inc Trial Balance December 31 Cash $13,500 Accounts Receivable 1,500 500 Supplies Repair Shop Equipment Service Truck 27,000 33,000 Accounts Payable $2,600 Common Stock 1,000 38,525 36,000 125,000 3,425 Retained Earnings Dividends Service Revenue Supplies Expense Rent Expense Utilities Expense Gas Expense Wages Expense 18,000 5,000 7,200 22.000 Totals $167.125 $167.125 Income Statement Revenues Expenses Total Expenses Net Income Barry's Automotive Shop, Inc Trial Balance December 31 Cash $13,500 1,500 500 27,000 Accounts Receivable Supplies Repair Shop Equipment Service Truck Accounts Payable Common Stock 33,000 $2,600 1,000 38,525 36,000 125,000 3,425 Retained Earnings Dividends Service Revenue Supplies Expense Rent Expense Utilities Expense Gas Expense Wages Expense 18,000 5,000 7,200 22.000 Totals $167,125 $167,125 Statement of Retained Earnings Barry's Automotive Shop, Inc Trial Balance December 31 Cash $13,500 1,500 500 Accounts Receivable Supplies Repair Shop Equipment Service Truck 27,000 33,000 $2,600 Accounts Payable Common Stock 1,000 Retained Earnings 38,525 Dividends 36,000 Service Revenue 125,000 Supplies Expense 3,425 18,000 Rent Expense Utilities Expense Gas Expense 5,000 7,200 Wages Expense 22.000 Totals $167,125 $167.125 Balance Sheet Assets Liabilities