From the following given Account balances of Adams Ltd, you are required to prepare:

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

ADAMS LTD
ACCOUT BALANCE
S.No.	Details			Amount in AED
1	Advertisement Expenses			330,800
2	Depreciation Expense			40,000
3	Insurance Expenses			242,000
4	Equipment			997,000
5	Accumulated Depreciation			120,000
6	Accounts Payable			256,500
7	Salary Payable			75400
8	Loan From ADCB			333,000
9	Prepaid Expenses			444,800
10	Cash			333,700
11	Services Revenue			928,900
12	Equity Shares			500,500
13	Retained Earnings			501,500
14	Dividends			327500
TOTAL				5,431,600
ADAMS LTD
TRAIL BALANCE
S.N0	Details	Amount in AED	Amount in AED
1	Advertisement Expenses	330,800
2	Depreciation Expense	40,000
3	Insurance Expenses	242,000
4	Equipment	997,000
5	Accumulated Depreciation		120,000
6	Accounts Payable		256,500
7	Salary Payable		75400
8	Loan From ADCB		333,000
9	Prepaid Expenses	444,800
10	Cash	333,700
11	Services Revenue		928,900
12	Equity Shares		500,500
13	Retained Earnings		501,500
14	Dividends	327500
TOTAL		2715800	2715800