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3-8. Prepare an Income Statement from an justed trial balance contains the following balances as of December 31: Retained Earnings $8,500; Dividends $2,000; Sales $20,000;

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3-8. Prepare an Income Statement from an justed trial balance contains the following balances as of December 31: Retained Earnings $8,500; Dividends $2,000; Sales $20,000; Cost of Goods Sold $8,000; Selling and Administrative Expenses $3,000; Interest Expense $1,500. Prepare an income statement for the year. Adjusted Trial Balance The Century Company's ad- LO

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