Cash $ $121,300$

Accounts receivable $54,000$

Interest receivable $21,600$

Notes receivable $($due in $90$ days$)171,500$

Office supplies $15,500$

Automobiles $171,000$

Accumulated depreciation$$Automobiles $ $70,000$

Equipment $144,000$

Accumulated depreciation$$Equipment $28,000$

Land $77,000$

Accounts payable $97,000$

Interest payable $25,000$

Salaries payable $21,000$

Unearned revenue $44,000$

Long$-$term notes payable $142,000$

Common stock $29,580$

Retained earnings $266,220$

Dividends $47,000$

Services revenue $524,000$

Interest revenue $20,000$

Depreciation expense$$Automobiles $26,000$

Depreciation expense$$Equipment $22,000$

Salaries expense $189,000$

Wages expense $41,000$

Interest expense $35,000$

Office supplies expense $35,400$

Advertising expense $65,500$

Repairs expense$$Automobiles $30,000$

Totals $ $1,266,800$ $ $1,266,800$

Required:

Use the information in the adjusted trial balance to prepare $($a$)$ the income statement for the year ended December $31$; $($b$)$ the statement of retained earnings for the year ended December $31[$Note: Retained Earnings at December $31$ of the prior year was $$266,220]$; and $($c$)$ the balance sheet as of December $31.$