Lori's Bath Supplies has the following Adjusted Trial Balance as of Dec. 31, 2017. Prepare The Income Satement and Balance Sheet doe 2017.

Account

Cash

Accounts Receivable

Inventory

Store Supplies

Prepaid Insurance

Land

Building

Debit

$10,500

3,800

3,000

1,900

1,500

28,000

50,000

Credit

Accumulated Depreciation- Building

$10,000

Store Equipment

27.000

Accumulated Depreciation-Store

15,625

Equipment

Accounts Payable

Notes Payable due in one year

Salaries Payable

Income Tax Payable

Common Stock

Retained Earnings

Revenue

9,000

4,500

1,000

12,000

31,655

4,920

63,000

Rent Expense

7,000

Salaries Expense

14,000

Depreciation Expense--Building

3,500

Depreciation Expense- Store Equipment

1,500

TOTALS $151,700 $151,700