ABC Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash in Bank 412,597 Accounts Receivable 476,790 Allowance for Doubtful Accounts 21,455 Merchandise Inventory 262,021 Prepaid Insurance 5,000 Prepaid Advertising 6,000 Prepaid Rent 10,000 Utility Deposit 3,950 Land 500,000 Equipment 985,600 Accumulated Depreciation Equipment 317,405 Accounts Payable 178,388 Salaries Payable 98,000 Accrued Expenses 1,958 Unearned Consulting Fees 9,500 Common Stock 1,000,000 Additional Paid in Capital Common 500,000 Retained Earnings 452,737 Dividends 8,000 Sales 547,050 Sales Discounts 6,000 Consulting Fee Revenue 38,000 Cost of Goods Sold 362,642 Salary Expense 98,000 Supplies Expense 950 Rent Expense 10,000 Insurance Expense 2,500 Bad Debt Expense 7,080 Utilities Expense 1,958 Depreciation Expense 5,405 Total 3,164,493 3,164,493 Required: From the Adjusted Trial Balance of ABC Company, prepare: 1. Income Statement for the year ending December 31, 2018. 2. Statement of Retained Earnings for the year ending December 31, 2018. 3. Balance Sheet at December 31, 2018