Glorias Bakery Shop

Income Statement

For the Year ended December 31,02015

Revenue

Sales 23,700

Cost of goods sold 22,100

Total revenue 45,800

Expenses

Utilities 9,500

Salaries and Wages expense 18,200

Total expenses 27,700

Net income 18,100

Glorias Bakery Shop

Statement of Retained Earnings

For the year ended December 31 ,2015

Balance of Retained earnings of January 1 2016 39,900

Add: Net income for the year 18,100

Less: Dividends paid for the year 5,560

Balance of retained earnings, for December 31,2015 $ 52,400

Glorias Bakery Shop

Balance Sheet

For the year ended December 31, 2015

Assets Amount

Cash 3,700

Building and equipment 60,000

Land 50,000

Accounts receivables 15,500

Total assets $129,200

Liabilities

Accounts payable 6,800

Notes payable 40,000

Capital stock 30,000

Retained earnings 54,200

Total liabilities and Stockholders equity 129, 200

Can someone help me with creating the disclosure notes based on the three financial statments provided above