Need to Prepare Balance sheet and Income Statement

		12-31-2017		12-31-2018
ACCT	ACCOUNT	POST CLOSING		UNADJUSTED		ADJUSTMENTS		ADJUSTED		INCOME		BALANCE
NO.	TITLE	TRIAL BALANCE		TRIAL BALANCE				TRIAL BALANCE		STATEMENT		SHEET
		DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT	DEBIT	CREDIT
	ASSETS
111000	General checking account	21,38,784.99		21,50,317.00				21,50,317.00				21,50,317.00
112000	Payroll checking account	28,726.39		1,000.00				1,000.00				1,000.00
113000	Money market account	7,75,549.73		7,82,546.49				7,82,546.49				7,82,546.49
114000	Savings account	48,876.82		51,745.56				51,745.56				51,745.56
119000	Petty cash	500.00		500.00				500.00				500.00
121000	Accounts receivable	49,13,697.13		53,66,569.32				53,66,569.32				53,66,569.32
129000	Allowance for bad debts		97,459.89		95,401.58		10,973.45		1,06,375.03				1,06,375.03
141000	Inventory - production	104,07,164.74		115,78,434.36				115,78,434.36				115,78,434.36
145000	Inventory - finished goods	39,02,457.04		40,12,626.83				40,12,626.83				40,12,626.83
150000	Prepaid expenses	84,636.54		1,42,465.96				1,42,465.96				1,42,465.96
160000	Land and buildings	153,50,295.73		163,58,487.34				163,58,487.34				163,58,487.34
170000	Equipment	128,29,549.56		138,75,131.10				138,75,131.10				138,75,131.10
180000	Accumulated depreciation		141,40,830.31		153,42,029.47				153,42,029.47				153,42,029.47
191000	Investments	20,80,764.31		30,95,227.56				30,95,227.56				30,95,227.56
	LIABILITIES
210000	Accounts payable		36,82,954.12		49,87,975.79				49,87,975.79				49,87,975.79
222100	Federal income tax withheld		64,442.36		67,294.17				67,294.17				67,294.17
222200	FICA withheld		12,407.35		12,681.48				12,681.48				12,681.48
222300	Medicare withheld		2,831.56		2,965.82				2,965.82				2,965.82
223100	FICA payable - employer		12,107.35		12,681.48				12,681.48				12,681.48
223200	Medicare payable - employer		2,831.56		2,965.82				2,965.82				2,965.82
223300	Unemployment taxes payable		846.39		943.57				943.57				943.57
230000	Other accrued expenses		5,68,998.06		5,99,411.86				5,99,411.86				5,99,411.86
235000	Federal income taxes payable		1,57,448.31				1,48,925.04		1,48,925.04				1,48,925.04
236000	Property taxes payable		0.00						0.00				0.00
240000	Mortgages payable		74,42,445.94		76,39,067.73				76,39,067.73				76,39,067.73
261000	Notes payable		6,54,000.00		8,16,500.00				8,16,500.00				8,16,500.00
	STOCKHOLDERS' EQUITY
310000	Common stock		90,000.00		90,000.00				90,000.00				90,000.00
311000	Paid-in capital in excess of par - common		35,67,265.00		35,67,265.00				35,67,265.00				35,67,265.00
312000	Dividends - common		0.00		0.00				0.00				0.00
390000	Retained earnings		220,64,134.78		220,64,134.78				220,64,134.78				220,64,134.78
	REVENUE
410000	Sales				223,10,170.95				223,10,170.95		223,10,170.95
420000	Sales discounts			3,47,614.00				3,47,614.00		3,47,614.00
430000	Sales returns and allowances			15,651.33				15,651.33		15,651.33
491000	Dividend income				4,000.00				4,000.00		4,000.00
492000	Interest income				24,332.56				24,332.56		24,332.56
	COST OF GOODS SOLD
510000	Cost of goods sold			115,45,511.59				115,45,511.59		115,45,511.59
	EXPENSES
601000	Wages and salaries expense			19,72,322.74				19,72,322.74		19,72,322.74
601500	Sales commissions expense			7,71,665.60				7,71,665.60		7,71,665.60
602100	FICA tax expense			2,44,568.36				2,44,568.36		2,44,568.36
602200	Medicare tax expense			57,197.43				57,197.43		57,197.43
602300	FUTA expense			7,392.00				7,392.00		7,392.00
602400	SUTA expense			22,176.00				22,176.00		22,176.00
611000	Utilities expense			3,25,954.67				3,25,954.67		3,25,954.67
611300	Irrigation & waste disposal expense			2,30,910.91				2,30,910.91		2,30,910.91
612000	Landscaping expense			1,42,475.69				1,42,475.69		1,42,475.69
621000	Advertising expense			2,96,794.33				2,96,794.33		2,96,794.33
623000	Marketing expense			1,92,865.67				1,92,865.67		1,92,865.67
624000	Festivals & competitions expense			2,38,654.75				2,38,654.75		2,38,654.75
631000	Telephone expense			37,584.73				37,584.73		37,584.73
632000	Internet & computer expense			14,475.00				14,475.00		14,475.00
633000	Postage & shipping expense			35,117.66				35,117.66		35,117.66
641000	Legal & accounting fees			88,425.50				88,425.50		88,425.50
643000	Other consulting fees			12,500.00				12,500.00		12,500.00
651000	Office supplies expense			58,689.68				58,689.68		58,689.68
660000	Data processing expense			9,743.89				9,743.89		9,743.89
670000	Depreciation expense			12,01,199.16				12,01,199.16		12,01,199.16
680000	Travel and entertainment expense			1,69,405.86				1,69,405.86		1,69,405.86
691000	Other insurance expense			1,15,058.55				1,15,058.55		1,15,058.55
692000	Medical insurance			1,92,154.80				1,92,154.80		1,92,154.80
693000	Workmen's compensation insurance			1,39,750.00				1,39,750.00		1,39,750.00
699000	Other employee benefits expense			1,75,643.90				1,75,643.90		1,75,643.90
700000	Dues & subscriptions expense			32,076.00				32,076.00		32,076.00
711000	Federal income tax expense			8,57,595.76		1,48,925.04		10,06,520.80		10,06,520.80
712000	Property tax expense			19,875.00				19,875.00		19,875.00
721000	Repairs and maintenance			71,974.93				71,974.93		71,974.93
731000	Automobile expense			81,493.45				81,493.45		81,493.45
740000	Lease expense			1,13,607.56				1,13,607.56		1,13,607.56
791000	Bad debt expense					10,973.45		10,973.45		10,973.45
792000	Miscellaneous expense			26,665.63				26,665.63		26,665.63
793000	Interest expense			3,59,978.41				3,59,978.41		3,59,978.41
	Sub-totals									203,84,669.03	223,38,503.51	574,15,051.52	554,61,217.04
	Net Income (Loss)									19,53,834.48			19,53,834.48
	TOTALS	525,61,002.98	525,61,002.98	776,39,822.06	776,39,822.06	1,59,898.49	1,59,898.49	777,99,720.55	777,99,720.55	223,38,503.51	223,38,503.51	574,15,051.52	574,15,051.52