1. Income statement
2. Statement of Retain Earnings
3. Statement of Financial Position

X- CORPORATION Pre-Closing Trial Balance For the period ended December 31st, 2015 Titles of Accounts Dr. Cr. Cash 125,000 Accounts Receivable 80,000 Merchandise (1-1-2015) 15,000 Prepaid Insurance 15,000 Office supplies 12,000 Office Equipment 500,000 Accumulated Dep. (Machinery) 180,000 Office Furniture 215,000 Accounts Payable 25,000 10% Notes Payable 90,000 15% Bonds Payable 100,000 Paid up Capital 175,000 Retain Earnings 60,000 Purchases 325,000 Transportation - in 13,000 Sales Return 7,000 Rent Expenses 16,000 Salaries Expenses 22,000 Advertising Expenses 30,000 Sales 725,000 Purchases Return 20,000 TOTAL 1,375,000 1,375,000 DATA FOR ADJUSTMENT AT DEC. 31ST, 2015 (i) Merchandise (31-12-2015) Rs, 25000 (II) Rent outstanding Rs. 4,000 (iii) Insurance expired for the year Rs. 8,000 (iv) Actual salaries expired during the period Rs. 13,000 (V) Advertising unexpired during the year Rs. 5,000 (vi) Office supplies unused amounted to Rs. 7,000 (vii) Accrued interest on bonds and notes payable (viii) Declared 10% Cash Dividend on paid up capital (ix) 40% corporate tax