Income Statement

Statement of Retained earnings

Balance Sheet

Gritt & Grab Co. The following amounts represent the adjusted trial balance for Grift & Grab Co. at the company's year end December 31, 2018: Dr I 478,480 641,200 154,000 406,200 68,000 22.000 1,650,000 Accounts Payable Accounts Receivable Accrued Expenses Payable Accumulated Depreciation - Building Accumulated Depreciation - Equipment Allowance for doubtful accounts Bonds Payable - Due 2025 Bonds Discount Building Cash Cash Dividends - Common Stock Cash Dividends - Preferred Stock Cash Surrender Value of Officers Life Insurance Common Stock ($ 4 par value, 100,000 issued) Comprehensive Income Cost of Goods Sold Discontinued Operating loss Dividends payable Equipment 58,500 2,362,000 635,000 124,000 72,000 196,000 400,000 82,000 8,240,000 320,000 48,000 568,000 General & Administrative Expenses Goodwill Held to Maturity Securities Income tax allocable to Income from continuing ops. 4,896,000 222,000 292,000 462,240 984,000 624,000 420,000 20,600,000 998,820 468,000 450,000 626,000 1,000,000 144,000 240,000 Inventory - Ending Land Loss on Sale of Discontinued Operating Net sales Mortgage Note Payable ($68,000 due in 2019) Paid in Capital in excess of par - Common Paid in Capital in excess of par - Preferred Patent - Unamortized cost Preferred Stock Prepaid Expenses Prior period adjustment Retained earnings - January 1, 2018 Salaries Payable Securities Available for sale - current (cost) Securities Fair value Adj. Sec. Avail for Sale Securities Fair value Adj. Trading Securities Selling expenses Tax adjustment allocable to Prior Period Adjustment Tax benefit - Discontinued Operating loss Tax benefit - Loss on Sale of Discontinued Operating Trading Securities Treasury Stock - Common (15,000 shrs) Unearned revenue 2,447,200 122,000 870,000 82,000 38,000 6,180,000 72,000 128,000 126,000 379,760 204,000 84,000 29,842,700 29,842,700 11220000