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Based on the adjusted trial balance below, prepare the Income Statement, Retained Earnings Statement, and Balance Sheet for the fiscal year ending December 31, 2021

Based on the adjusted trial balance below, prepare the Income Statement, Retained Earnings Statement, and Balance Sheet for the fiscal year ending December 31, 2021 using EXCEL. image text in transcribed

PDK Supply, Inc. Adjusted Trial Balance December 31, 2021 Cash A/R Allowance for Doubtful Accounts Inventory Supplies Prepaid Insurance Land Equipment Accumulated Depreciation - Equip N/P due 3/31/22 A/P Unearned Revenue Salaries & Wages Payable N/P due 12/31/25 Common Stock Retained Earnings Dividends Sales Sales Discounts COGS Salaries & Wages Expense Advertising Expense Utilities Expense Depreciation Expense Supplies Expense Freight Out Interest Expense Interest Revenue Gain on Sale of Equipment Loss on Sale of Equipment Debits Credits $63,200 42,000 $2,500 19,700 6,000 3,500 260,000 134,000 24,000 3,000 29,000 16,000 1,900 59,000 75,000 281,350 8,000 162,000 6,500 39,000 18,500 14,300 11,000 13,000 8,500 5,400 1,200 250 1,800 2,000 $655,800 $655,800

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