a.) Prepare an income statement

b.) prepare a retained earnings statement

PROSEN DISTRIBUTING COMPANY Adjusted Trial Balance December 31, 2017 Debit Credit 13448 9012 2700 24200 12100 3600 Cash Inventory Accounts Receivable Equipment Cost of Goods Sold Salaries and Wages Expern Salaries and Wages Payab Depreciation Expense Accumulated Depreciation Supplies Supplies Expense 750 220 2640 1700 1400 Sales Discounts 390 Sales Revenue 19800 Accounts Payable 4600 Common Stock 30000 Retained Earnings 10980 Totals 68770 68770