Homemade Hams, Inc.

Adjusted Trial Balance

December 31, 2016

(Amounts in thousands)

Account

Debit

Credit

Cash

$3,900

Accounts receivable

1,400

Inventories

2,300

Prepaid expenses

1,900

Property, plant, and equipment

16,900

Accumulated depreciation-property, plant, and equipment

$2,800

Other assets

9,600

Accounts payable

7,600

Income tax payable

500

Other liabilities

2,600

Common stock

14,500

Retained earnings (beginning, December 31, 2015)

5,900

Dividends

1,600

Sales revenue

42,000

Cost of goods sold

25,500

Selling, administrative, and general expenses

10,300

Income tax expense

2,500

Total

$75,900

$75,900

. Prepare Homemade Hams, Inc.'s single-step income statement and statement of retained earnings for the year ended December 31, 2016, and its balance sheet on that date Assets Cash Accounts receivable Inventories Prepaid expenses Property, plant and equipment Less: Accumulated depreciation-property, plant, and equipment Other assets Total assets Choose from any list or enter any number in the input fields and then click Check