Information from Orlando Realty Ltd.'s adjusted trial balance at December 31, 2019 is presented below:

Prepaid rent	2,200
Accumulated depreciation	18,930
Customer deposits	6,720
Accounts receivable	60,250
Common shares	8,000
Dividends	30,000
Depreciation expense	6,260
Interest expense	1,500
Note payable (14-months)	10,000
Retained earnings	29,325
Equipment	45,690
Accounts payable and accrued liabilities	25,000
Rent expense	26,400
Commission revenue	227,480
Cash	8,950
Salary expense	140,500
Income tax expense	13,205
Note payable (7-months)	9,500

Please prepare Orlando's income statement, statement of retained earnings, and balance sheet, all in good form (liquidity order). List expenses in decreasing order on the income statement. All accounts are in their normal balance. Please use absolute values - i.e. do not place a minus sign or parentheses around subtracted numbers or credits. Please round to the nearest whole number.

Orlando Realty Ltd.
Income Statement
For the year ended December 31, 2019
Revenues:
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Expenses:
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Net income before tax		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Net income		Answer
Orlando Realty Ltd.
Statement of Retained Earnings
For the year ended December 31, 2019
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense	January 1, 2019	Answer
Net income		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense	December 31, 2019	Answer
Orlando Realty Ltd.
Balance Sheet
As at December 31, 2019
Assets
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Total Current Assets		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense	(net)	Answer
Total Assets		Answer
Liabilities
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Total Current Liabilities		Answer
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Total Liabilities		Answer
Shareholders' Equity
AnswerCashAccounts receivablePrepaid rentEquipmentAccumulated depreciationAccounts payable and accrued liabilitiesCustomer depositsNote payable (7-months)Note payable (14-months)Common sharesRetained earningsDividendsCommission revenueDepreciation expenseSalary expenseRent expenseInterest expenseIncome tax expense		Answer
Retained earnings		Answer
Total Shareholders' Equity		Answer
Total Liabilities and Shareholders' Equity