Financial Statement Creation Use the information below to create B/S, I/S and Statement of Retained Earnings after adjusting for the four additional activities below.

1. Consider the following information from a company's unadjusted trial balance at December 31, 2018. All accounts have normal balances.

Accounts Receivable	$	7,500
Accounts Payable		650
Cash		3,700
Service Revenue		14,500
Common Stock, $2 par, 10,000 authorized		2,000
Common Stock, addl pd in capital		7,000
Equipment, at cost		12,900
Accumulated depreciation		2,300
Depreciation Expense		700
Land		5,800
Notes Payable, Due 2021		8,000
Investment Securities		1,200
Prepaid Rent		1,400
Rent Expense		2,400
Retained Earnings, January 1, 2018		5,850
Salaries and Wages Expense		7,700
Unearned revenue		3,000

At year-end, the company accountant realizes that the following transactions have to be recorded:

• November 5, purchase 100 shares for the Treasury at a cost of $7 per share
• Perform half of the work customers paid for in advance
• Dec 1, Issue 1,200 shares of common stock at issue price of $10 per share
• Dec 31, declare and pay a dividend to common stock outstanding of $.50 per share