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BBB Co. Adjusted Trial Balance at the end of fiscal year December 31 is as follows. Account Title Cash Accounts receivable Office supplies Bus Accumulated

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BBB Co. Adjusted Trial Balance at the end of fiscal year December 31 is as follows. Account Title Cash Accounts receivable Office supplies Bus Accumulated depreciation-Bus Land Accounts payable Interest payable Long-term notes payable Common stock Retained earnings Dividends Travel fees earned Depreciation expense-Bus Salaries expense office supplies expense Repairs expense-Bus Totals Debit Credit $ 7,100 16,500 2,000 188,000 $ 38,728 75,000 11,100 3,000 52,000 43,792 139,500 19,000 128,000 24,980 60,032 12,500 11,008 $416,'120 $416,120 At December 31 of the prior yeear, the Retained Earnings balance was $139,500. (1) Prepare the income statement for the year ended December 31. (2) Prepare the statement of retained earnings for the year ended December 31. (3) Prepare the classified balance sheet for the year ended December 31. Co Balance Sheet December 31 Assets Current assets Cash Accounts receivable Liabilities Equity Co Balance Sheet December 31 Assets Current assets Cash Accounts receivable Liabilities Equity

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