Develop a complete set of formal financial Statements Income Statement / Balance sheet | Retaining DEBITS Accounts Payable CREDITS $3,062 Accounts Receivable $2,910 Accumulated Depreciation - Equipment 13,654 Advertising Expense 2,186 Allowance for Doubtful Accounts 313 Amortization Expense- 400 Bad Debts Expense 320 Cash 607 Common Stock, $10 par, 10,000 shares authorized 6,200 Depreciation Expense 3,510 Dividend Declared 840 163 Dividend Income Equipment Freight - In 31,300 150 Gain on Sale of Assets 35 35 Held to Maturity Securities 1,500 Income Summary (for adjusting merchandise) 1,520 Income Tax Expense (25% tax rate) ???? Income Tax Payable ???? 400 Interest Expense 63 Interest Income 100 Interest Payable Loss From Discontinued Operations 700 Merchandise Inventory, ending 6,843 Notes Payable (8% interest rate, total due in 2025) 5,000 Paid in Capital in Excess of Par - Common 5,600 Patent 2,400 Prepaid Rent 300 Purchases 18,840 Purchase Discount 205 Rent Expense 3,350 Retained Earnings 5,730 Sales 43,163 Sales Returns 766 Short Term Notes Payable 2,400 Trademark 700 Unearned Sales (Advances from Customers) 130 Utilities Expense 3,121 Wages Expenses 6,311 Wages Payable 116 TOTAL $???? $????