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 Retained Earnings Statement For the Years Ended 12/31/17 and 12/31/16 2017 2016 Retained Earnings Beginning of the year $32,610 $31,540 Net Income $3,480 $1,920 Dividends $510 $850 Retained Earnings End of the year $35,580 $32,610

	2017	2016
Assets
Current Assets:
Cash
Accounts receivable, net
Inventory
Prepaid expenses
Total current Assets	$ -	$ -
Property and equipment
Land
Buildings and equipment, net
Total property and equipment	$ -	$ -
Total Assets	$ -	$ -
Liabilities and Stockholders Equity
Current Liabilities
Accounts payable
Accrued payables
Notes payable, short term
Total Current Liabilities	$ -	$ -
Long-term liabilities
Bonds payable
Total Liabilities	$ -	$ -
Stockholders equity
Preferred stock
Common Stock
Additional paid-in capital
Total paid-in capital	$ -	$ -
Retained earnings
Total stockholders equity	$ -	$ -
Total liabilities and stockholders' equity	$ -	$ -