Cases 4251 INCOME STATEMENT, RETAINED EARNINGS AND BALANCE SHEET The trial balance of Dot Company as on December 31, 2017 is as follows: Dot Company Trial Balance As on December 31, 2017 Account Titles Debit (Rs.) Credit (Rs.) Computer........ 40,000 Accumulated depreciation-Computer... 9,000 Furniture...... Accumulated depreciation-Furniture..... Office supplies........ Accounts receivables Cash......... Prepaid insurance.. Bills payable.. Unearned revenue. Share capital.. Retained earnings.. Dividends.... Service revenue earned Salaries expenses.. Utility expenses. Travelling expanses. Total............ The following additional information are available: C. Charged depreciation on computer is Rs. 3,000 and furniture Rs. 1,250 Unexpired insurance is Rs. 3,000. a. b. Stock of office supplies is Rs. 550. d. Revenue of Rs. 1,230 earned but bill has not been sent yet. e. Unpaid rent is Rs. 1,720. 10,000 2,500 4,800 5,400 7,600 6,000 2,000 2,500 40,000 - 3,000 1,000 8,620 2,070 3,400 Rs. 88,890 Rs. 88,890 29,890 f. The company has tax bracket 30 percent. Required Income statement, statement of retained earnings and balance sheet. Ans: Net profit Rs. 2.667; R/E Rs. 4,667: B/S Rs. 52.030