Homework: SLO Project Score: 0 of 10 pts 3 of 6 (1 complete) HW S P3-46A (similar to) 0 Data Table The adjusted trial balance of Vineyard Realty, Inc., at December 31, 2018, follows: EE (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Vineyard Realty's income statement and statement of retained earnings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement. Start by preparing the income statement. (List expenses in decreasing order on the income statement.) 0 Vineyard Realty, Inc. Income Statement For the Year Ended December 31, 2018 - Requirements X Revenues: 900 1. Prepare Vineyard Realty's income statement and statement of retained earnings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement. 2. a. Which financial statement reports Vineyard Realty's results of operations? Were operations successful during 2018? Cite specifics from the financial statements to support your evaluation. b. Which statement reports the company's financial position? Total revenues 3,300 Expenses: Vineyard Realty, Inc. Adjusted Trial Balance December 31, 2018 Account Debit Credit Cash 10,200 Accounts receivable 8,000 Prepaid rent 1,500 Supplies Equipment 46,000 Accumulated depreciation, equipment 7,100 Accounts payable Unearned service revenue 1,800 Interest payable 500 Salaries payable 1,800 Notes payable 4,000 Common stock 39,925 Retained earnings Dividends 4,000 Service revenue 76,000 Interest revenue 775 Salaries expense 50,000 Rent expense 13,000 Depreciation expense, equipment 2,300 Utilities expense 2,100 Interest expense 1,900 1,100 Supplies expense Total $ 141,000 $ 141,000 Print Done 5,800 Total expenses Net income Print Done Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts remaining Clear All