6. Given the adjusted trial balance below, prepare (in good form) an income statement, statement of retained earnings, and balance sheet. To do so you will need to determine the missing amounts for A, B, C, and D. The name of the business is Oak Manufacturing and the accounting period coincides with the calendar year. The balance in the Retained Earnings account as of December 31, 20X5 is $6,600.

Oak Manufacturing
Adjusted Trial Balance
December 31, 20x5
Cash	$ 1,590
Accounts Receivable	3,600
Supplies	60
Prepaid Insurance	60
Office Equipment	6,000
Accumulated DepreciationOffice Equipment		$ B
Accounts Payable		1,600
Salaries Payable		210
Common Stock		2,000
Retained Earnings		D
Service Revenue		6,600
Salaries Expense	A
Supplies Expense	240
Insurance Expense	300
Depreciation ExpenseOffice Equipment	300	______
	$C	$15,510

ANS:

Oak Manufacturing
Income Statement
For the Year Ended December 31, 20x5
Service revenue				$
Expenses
	Salaries expense
	Supplies expense
	Insurance expense
	Depreciation expenseoffice equipment
	Total expenses
Net income				$

Oak Manufacturing
Statement of Retained Earnings
For the Year Ended December 31, 20x5
Retained Earnings, December 31, 20x4	$
Net income
Subtotal	$
Less: Dividends
Retained Earnings, December 31, 20x5	$

Oak Manufacturing
Balance Sheet
December 31, 20x5
Assets
Cash			$
Accounts receivable
Supplies
Prepaid insurance
Office equipment		$
	Less accumulated depreciation
Total assets			$
Liabilities
Accounts payable		$
Salaries payable
Total liabilities			$
Stockholders' Equity
Common Stock
Retained Earnings
Total liabilities and stockholders' equity			$