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Below is a Trial Balance. In the spaces following, please provide an Income Statement, Statement of Retained Earnings, and a Balance Sheet. DR CR Prepaid

Below is a Trial Balance. In the spaces following, please provide an Income Statement, Statement of Retained Earnings, and a Balance Sheet.

DR

CR

Prepaid Insurance

3500

Equipment

120000

Salaries Expense

55000

Utilities Expense

1000

Accumulated Depreciation

13000

Accounts Payable

10500

Cash

5750

Accounts Receivable

9000

Bonds Payable

95000

Common Stock

7500

Depreciation Expense

6000

Retained Earnings (Beginning)

30750

Dividends

6000

Service Revenue

60000

Repair Expense

4000

Insurance Expense

2500

Tax expense

4000

216750

216750

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