30-Nov-19

Trial Balance:

Cash $25,212.00 Acc. Depriaciation Equip. $22,000.00 Equipment $154,300.00 Cost of Goods Sold $507,000.00 Dividends $8,000.00 Freight-out $6,500.00 Interest Expense $6,100.00 Interest Revenue $7,964.00 Inventory $26,000.00 Miscellaneous Expense $452.00 Notes Payable $37,000.00 Notes Receiveable $31,300.00 Prepaid Insurance $10,500.00 Rent Expense $15,000.00 Retained Earnings $61,700.00 Salaries and Wages Exp. $96,000.00 Sales Commisions Exp. $6,500.00 Sales Returns and allowance $9,000.00 Sales Revenue $706,000.00 Share Capital-ordinary $50,000.00 Ultilities Expense $8,000.00 Account Payable $25,200.00.

How do you make the retained earnings and income statement from trial balance?