1) Wilson Engraving just completed operations for the year ending December 31, 2018. Accounts from the adjusted trial balance dated December 31, 2018 are listed below as well as the closing entries. Prepare, in good form, the income statement (), statement of retained earnings (), and balance sheet .

Account Title	Debit	Credit
Cash	25,000
Accounts Receivable	16,000
Prepaid Insurance	10,000
Office Supplies	4,000
Equipment	65,000
Accumulated Depreciation - Equipment		32,000
Accounts Payable		15,000
Salaries Payable		5,000
Unearned Revenue (short-term)		8,000
Notes Payable (due March 31, 2020)		10,000
Common Stock		36,000
Retained Earnings December 31, 2017		6,000
Dividends	5,000
Service Revenue		50,000
Salaries Expense	15,000
Depreciation Expense - Equipment	10,000
Insurance Expense	4,000
Utilities Expense	4,000
Interest Expense	3,000
Office Supplies Expense	1,000
Totals	$162,000	$162,000

Date
2018	Account Title	Debit	Credit
Dec. 31	Service Revenue	50,000
	Income Summary		50,000
31	Income Summary	37,000
	Depreciation Expense--Equipment		10,000
	Insurance Expense		4,000
	Interest Expense		3,000
	Office Supplies Expense		1,000
	Salaries Expense		15,000
	Utilities Expense		4,000
31	Income Summary	13,000
	Retained Earnings		13,000
31	Retained Earnings	5,000
	Dividends		5,000