2. Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement of Retained Earnings for Coolidge Repairs Coolidge Repairs Adjusted Trial Balance July 31, 2014 Cash $19,100 Accounts Receivable 71,700 Supplies 1,400 Equipment 22,300 Accumulated Depreciation: Equipment $8,400 Accounts payable 17,000 Notes payable 4,500 Income taxes payable 23,800 Capital stock 25,300 Retained earnings 6,200 Dividends 12,400 Fees earned 112,000 Rent expense 8,000 Wages expense 33,200 Supplies expense 3,500 Utilities expense 1,900 Depreciation expense: equipment 920 Income Tax Expense 22,780 _______ Totals $197,200 $197,200 Coolidge Repairs Income Statement For the Month ended July 31, 2014 Coolidge Repairs Statement of Retained Earnings For the Month ended July 31, 2014