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2. The following account balances were reported by the I Can Do It Company as of December 31, 2017. Prepare a trial balance, income statement,

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2. The following account balances were reported by the I Can Do It Company as of December 31, 2017. Prepare a trial balance, income statement, and a balance sheet for the year. Use the proper statement headings. Then close the temporary accounts for the year. (14 points total) Cash Service Revenue Accounts Receivable Accumulated Depreciation -Equipment Common Stock Rent Expense Supplies Inventory Salaries and Wages Expense Equipment Accounts Payable Supplies Expense Retained Earnings Dividends Paid $8,000 55,000 1,500 2,000 1,000 6,000 2,500 16,000 17,000 900 3,425 1,55 6,000

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