Adjusted Trial Balance December 31, 2018 Blume Irrigation System Income Statement Year Ended December 31, 2018 Balance Account Title Credit Debit 15,600 Cash $ 46,800 15.000 6.200 62.000 $ 24,300 Accounts Receivable Office Supplies Prepaid Insurance Building Accumulated Depreciation Building Equipment Accumulated Depreciation Equipment Accounts Payable Interest Payable Salaries Payable Unearned Revenue 23,000 6,600 31,700 800 3,800 1,700 Net Income (Loss) 15,000 Requirement 1. Prepare the company's income statement for the year ended December 31, 2018. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use a minus sign 6.200 62.000 Blume Irrigation System Income Statement Year Ended December 31, 2018 $ 24,300 23,000 6,600 Office Supplies Prepaid Insurance Building Accumulated DepreciationBuilding Equipment Accumulated Depreciation-Equipment Accounts Payable Interest Payable Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends 31,700 800 3,800 1,700 25.000 10,000 15,000 3,000 76.000 1,500 15,900 Net Income (Loss) Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Depreciation Expense-Equipment Depreciation Expense-Building 800 Requirement 2. Prepare the company's statement of retained earnings for the year ended December 31, 2018. Enter any increases in retained earnings prior to the subtotal and any decreases to retained earnings 800 Blume Irrigation System Statement of Retained Earnings Year Ended December 31, 2018 Ionu 1 2010 2,400 1,900 194,900 $ 194,900 Total