Create an Income Statement, statement of retained earnings, and Balance sheet for Stanley Inc., using the adjusted trial balance below

Stanley Incorporated

Adjusted Trail Balance

December 31, 2017

Accounts payable

217,000

Accounts receivable

167,000

Accrued expenses

123,000

Accumulated depreciation: Buildings

457,500

Accumulated depreciation: Equipment

366,000

Bonds payable

650,000

Building

1,220,000

Capital stock

500,000

Cash

62,000

Cost of sales

430,500

Depreciation

67,100

Equipment

549,000

Income tax expense

20,130

Insurance expense

52,000

Inventories

329,000

Land

315,000

Marketable securities

284,000

Notes payable

175,000

Retained earnings

314,130

Sales Revenue

1,230,000

Supplies expense

75,400

Taxes payable

52,000

Utilities expense

188,700

Wages expense

324,800

Totals

$4,084,630

$4,084,630