Adjusted Trial Balance 31-Dec-17 Debit Credit Cash 1080 Sales 66000 Inventory 12000 Prepaid expenses 600 Land 9000 Buildings and equipment, net 36800 Accounts payable 17000 Accrued payables 900 Accounts receivable, net 9000 Notes payable, short term 0 Bonds Payable 8000 Preferred stock 1000 Interest Expense 800 Common Stock 2000 Dividends 510 Additional paid-in capital 4000 Retained Earnings 32610 Cost of Goods Sold 41500 Selling expenses 11500 Administrative expenses 7400 Income taxes 1320 Totals 131510 131510

Adjusted Trial Balance 31-Dec-16 Debit Credit Cash 1210 Sales 64000 Inventory 10600 Prepaid expenses 3400 Land 9000 Buildings and equipment, net 38000 Accounts payable 19800 Accrued payables 1200 Accounts receivable, net 6500 Notes payable, short term 100 Bonds Payable 8000 Preferred stock 1000 Interest Expense 800 Common Stock 2000 Dividends 850 Additional paid-in capital 4000 Retained Earnings 31540 Cost of Goods Sold 42000 Selling expenses 11000 Administrative expenses 7000 Income taxes 1280 Totals 131640 131640

Income Statement For the Years Ended 12/31/17 and 12/31/16 Increase / (Decrease) 2017 2016 Amount Percent Sales Cost of Goods Sold Gross Margin $- $- Selling and Administrative Expenses Selling Expenses Administrative Expenses Total Selling and Administrative Expenses $- $- Net Operating Income $- $- Interest Expense Net income before taxes $- $- Income Taxes Net Income $- $-