An adjusted trial balance for Green, Inc., at December 31, 2016appears below.

Accountspayable

$16,000

Accounts receivable

47,000

Accumulated Depreciation-Equipment

10,000

Common Stock

55,000

Cash

45,000

Depreciation Expense

2,000

Dividends

3,000

Equipment

70,000

Prepaid insurance

6,000

Rent expense

20,000

Retained earnings, January 1, 2016

80,000

Salary expense

28,000

Service Revenue

60,000

Required:Prepare an income statement, retained earnings statement, and the balancesheet the year ended December 31, 2016.You need to make sure you set up the appropriate titles for each financial statement and use the proper labeling on each of the statements.