Description 24,775 $45,000 6,200 50,000 3,000 40,000 Accounts Payable Accounts Receivable 58,000 Accumulated Depreciation, Building Accumulated Depreciation, Furniture Additional Paid in Capital Allowance for Doubtful accounts Bonds Payable Building 195,000 Cash $12,660 Common Stock Cost of Goods Sold 87,665 Depreciation Expense, 19.000 Building Depreciation Expense, 2500 Furniture Dividends 8,200 FICA Payable Furniture 53,000 Goodwill 19,000 70,000 500 2,500 Furniture Dividends 8,200 FICA Payable 500 Furniture 53,000 Goodwill 19,000 Merchandise Inventory 3,330 Notes Payable, long- 78,000 term Office Supplies 150 Office Supplies 19,830 Expense Petty Cash 15,390 Preferred Stock 12,150 Premium on Bonds 2,000 Payable Retained Earnings -- 42,120 (Beginning Balance) Salaries Payable 0 Salaries Expenses 11,540 Sales Revenue 142,370 Trademark 3,000 Treasury Stock 15,000 Unearned Revenue 6,150 Totals $522,265 $522,265 Above you see an alphabetized list of account titles for XYZ Company along with their corresponding balances at year end 12/31/16. Use this list to create an income statement, statement of retained earnings and a balance sheet for the company. Use proper form. Your statements must be submitted in Word or Excel. Submit your work through Canvas by uploading a file. Be sure to complete all parts of the statements and use correct formatting. Objective: Create a set of financial statements