Cash SHERIDAN FASHION RETAILERS, INC. Adjusted Trial Balance December 31, 2025 Debit Credit $69,500 Accounts Receivable Inventory Prepaid Insurance Equipment 4,700 80,000 1,800 118,200 Accumulated Depreciation-Equipment $15,100 Notes Payable 10,600 Accounts Payable Salaries and Wages Payable 10,200 4,500 Property Taxes Payable Common Stock 1,200 5,000 Retained Earnings Dividends 76,500 38,200 Sales Revenue 525,400 COGS 285,300 Depreciation Expense 4,800 Salaries and Wages Expense (selling 28,000/ general 11,400) 39,400 Insurance Expense 800 Advertising Expense 1,300 Telephone and Internet Expense 1,100 Property Tax Expense 3,400 $648,500 $648,500 69 69 Using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2025 income statement. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.g. (45).) SHERIDAN FASHION RETAILERS INC. Income Statement 69 69