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5. Prepare an income Statement and a Ralance sheet from a Trial Balance. (20 points Using the information from the Year 2 ending trial balance

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5. Prepare an income Statement and a Ralance sheet from a Trial Balance. (20 points Using the information from the Year 2 ending trial balance of Barger Comp. from the Year 2 ending trial balance of Barger Company, prepare an income statement and balance sheet in proper form em proper form. (Hint: Prepare the income statement first, then separately calculate ending retained inlip earnings, and lastly prepare the balance sheet) Accounts Receivable Beginning Retained Earnings Cash Common Stock Dividends Land Prepaid Rent Rent Expense Salaries Expense Salaries Payable Service Revenue Unearned Revenue Debit Credit 14,000 38,000 16,000 15,000 3,000 30,000 10,000 2.000 5,000 5,000 12,000 10,000 80,000 80.000 Page 9 of 10

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