Create an Income Statement and Statement of Retained Earnings with the given information.

ABC Corporation Adjusted Trial Balance December 31, 2014 Creclit $ Debit 848,729 167.000 $ 8,000 8,000 190,300 25,000 75,000 58,500 58,500 16,400 181,385 75,000 150,000 4.400 60.000 22,000 27,500 35,037 17,000 Cash Short Term Investments Fair Value Adjustment Trading) Unrealized Holding Gain/Loss Accounts Receivable Allowance for Doubtful Accounts Inventory Loss on Inventory Write Down Allowance to Reduce Inventory to NRV Purchases Prepaid Insurance LT Debt) Investments Land Building Acumulated Depreciation-Building Equipment Acumulated Depreciation-Equipment Patent Right-of-Use Asset Pension Asset/Liability Gain/Loss-OCI Accounts Payable Wages Payable Notes Payable Interest Payable Income Taxes Payable Unearned Rent Revenue Bonds Payable Premium on Bonds Payable Lease Liability Common Stock PIC In Excess of Par-Common Stock Retained Earnings Treasury Stock PIC Treasudy Stock Dividends Sales Revenue Rent Revenue Interest Revenue Cost of Goods Sold Advertising Expense Wages Expense Office Expense Depreciation Expense Utilities Expense Amortization Expense Insurance Espense Income Tax Expense Interest Expense Loss on Impairment Bad Debt Expense Pension Expense Deferred Compensation Total 20,000 75,240 12,750 235.000 52,504 63.800 24,000 800,000 56,860 33.293 104,000 40,000 21.000 41,000 992.945 12,000 19,561 275,000 8,400 80,350 21,700 26,400 31,000 8,759 82,000 63,800 47,593 10,000 25,000 40,000 10,000 2,680,853 2,680,853