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3 of 4 (3 complete) Services, at ince.) * Requirements I for the year a label or enter a zero.) sing Services tatement cember 31,

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3 of 4 (3 complete) Services, at ince.) * Requirements I for the year a label or enter a zero.) sing Services tatement cember 31, 2011 1. Prepare the income statement for the year ended December 31, 2018. Prepare the statement of retained earnings for the year ended December 31, 2018 3. Prepare the classified balance sheet at December 31, 2018. Use the report form. 4. Calculate the current ratio at December 31, 2018 5. Journalize and post the closing entries. Indicate the balance of the Retained Earnings account after the closing entries are posted 6. Prepare a post-closing trial balance at December 31, 2018 Print Done ber in the input field The adjusted trial balance of Massit Advertising Services, at December 31, 2018, follows. This is the first year of operations. (Click the icon to view the adjusted trial balance.) Read the requirements Requirement 1. Prepare the income statement for the year ended December 31, 2018. (If a box is not used in the statement leave th Massit Advertising Services Income Statement Year Ended December 31 20 Choose from any store term ine the Massit Advertising Services Adjusted Trial Balance 31-Dec-18 Balance Account Tit Debit Cash $9,000 Accounts R 9,100 Office Supp 7 00 Land 55,000 Building 60,000 Accumulated Deprecia $23,000 Furniture 15,000 Accumulated Deprecia 7,000 Accounts Payable 4,000 Salaries Payable 800 Unearned Revenue 3,500 Notes Payable (long-te Common Stock 75,600 Dividends 21,000 Service Revenue 67,200 Salaries Ex 16,000 Supplies Ex 1,800 Depreciatic 6,000 Depreciatic 2,500 Advertising 2,000 Total $198,100 $198,100

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