Cheyenne Corp.s unadjusted trial balance at December 1, 2017, is presented below. PLEASE PREPARE BALANCE SHEET

	Debit		Credit
Cash	$25,100
Accounts Receivable	36,200
Notes Receivable	9,200
Interest Receivable	0
Inventory	36,100
Prepaid Insurance	3,600
Land	20,200
Buildings	156,000
Equipment	60,500
Patent	9,900
Allowance for Doubtful Accounts			$600
Accumulated DepreciationBuildings			52,000
Accumulated DepreciationEquipment			24,200
Accounts Payable			27,200
Salaries and Wages Payable			0
Notes Payable (due April 30, 2018)			12,600
Income Taxes Payable			0
Interest Payable			0
Notes Payable (due in 2023)			35,000
Common Stock			51,500
Retained Earnings			55,200
Dividends	12,500
Sales Revenue			912,000
Interest Revenue			0
Gain on Disposal of Plant Assets			0
Bad Debt Expense	0
Cost of Goods Sold	634,500
Depreciation Expense	0
Income Tax Expense	0
Insurance Expense	0
Interest Expense	0
Other Operating Expenses	62,000
Amortization Expense	0
Salaries and Wages Expense	104,500
Total	$1,170,300		$1,170,300

CHEYENNE CORP. Adjusted Trial Balance December 31, 2017 Debit Credit Cash $ 4220 $ Accounts Receivable 41400 Notes Receivable 9200 Interest Receivable 552 Inventory 32630 Prepaid Insurance 1200 Land 20200 Buildings 156000 Equipment 73200 Patents 8800 Allowance for Doubtful Accounts 4160 Accumulated Depreciation-Buildings 56160 Accumulated Depreciation-Equipment 32501 Accounts Payable 27200 Salaries and Wages Payable 2130 Notes Payable 47600 Notes Payable 47600 Income Taxes Payable 13900 Interest Payable 4760 Common Stock 51500 Retained Earnings 55200 Dividends 12500 Sales Revenue 917200 Interest Revenue 552 Gain on Disposal of Plant Assets 530 Bad Debt Expense 3560 Cost of Goods Sold 637970 Depreciation Expense 14791 Income Tax Expense 13900 Insurance Expense 2400 Interest Expense 4760 Other Operating Expenses 62000 Amortization Expense 1100 Salaries and Wages Expense 113010 Totals S 1213393 $ 1213393 CHEYENNE CORP Income Statement For the Year Ended December 31, 2017 Sales Revenues $ 91720 Cost of Goods Sold (637970) Gross Pront 27923 Operating Expenses Bad Debt Expense $ 3560 Depreciation Expense 14791 Insurance Expense 2400 Amortization Expense 1100 Salaries and Wages Expense 113010 Other Operating Expenses 62000 1 Total Operating Expenses 196861 Income From Operations 8236 Other Revenues and Gains Interest Revenue 552 Gain on Disposal of Plant Assets 530 8128 Other Expenses and Losses Interest Expense 4760 Income Before Income Taxes 8604 Income Tax Expense 13900 Net Income /(LOSS! $ 7214 Prepare a 2017 retained earnings statement. (List items that increase retained earnings first.) CHEYENNE CORP Retained Earnings Statement For the Year Ending December 31, 2017 Retained Earnings, 1/1/17 5 55200 Add Net Income /(Loss) 64791 119991 Less V: Didends 12500 1 Retained Earnings, 12/31/17 $ 107491 CHEYENNE CORP. Balance Sheet December 31, 2017 Assets Current Assets Cash Accounts Recevable $ Less V: Allowance for Doubtful Accounts $ V Liabilities and Stockholders' Equity $