Income Statement Net Sales Revenue Interest Revenue Cost of Goods Sold Advertising Expense Wages Expense Rent Expense Electricity Expense Water Expense Insurance Expense Office Supplies Expense Salary Expense Depn Expense: Furniture Depn Expense: Equipment Admin Expense: Bank Charges Interest Expense Net Income Statement of Retained Earnings Beg. Bal. RE Net Income End. Bal. RE 100,401 Cash Balance Sheet Short-term investments ARC Interest receivable Merchandise inventory Office supplies PPD Rent PPD Advertising PPD Insurance Office furniture-net Office equipment-net Total Assets APC Wages Payable Electricity Payable Water Payable Interest Payable Bank Loan Payable Total Liabilities Common Stock Retained Earnings Total Equity Total liabilities and equity