From the following Company kvs adjusted trial balance, prepare simple financial statements, as follows:

1. Income Statement
2. Retained Earnings Statement
3. Balance Sheet

\begin{tabular}{|lrr|} \hline \multicolumn{3}{|c|}{ Adjusted Trial Balance } \\ \hline & Debit & Credit \\ \hline Cash & $42,000 & \\ Accounts receivable & 11,300 & \\ Prepaid insurance & 14,800 & \\ Accounts payable & & $10,900 \\ Salaries payable & & 14,000 \\ Common stock & & 25,000 \\ Service revenue & & 61,000 \\ Administrative expenses & 42,800 & \\ & 110,900 & 110,900 \end{tabular}