Objective of this assignment: To create a set of financial statements using the accounts that you have learned. Assignment: Prepare an income statement, statement of retained earnings and balance sheet for the company listed above. Be sure to include all adjustments in the preparation of your statements. You must type the financial statements in Word or Excel. Submit your work Information: St. John's Technology Unadjusted Trial Balance Month of December 31, 2016 $12,660 15,390 58,000 3,330 195,000 $45,000 53,000 Cash Accounts Receivable Merchandise Inventory Office Supplies Building Accumulated Depreciation, Building Furniture Accumulated Depreciation, Furniture Accounts Payable Salaries Payable Unearned Revenue Notes Payable, long-term Common Stock Retained Earnings Beginning Balance) 6,200 24,775 6,150 78,000 120,000 42,120 8,200 142,370 Dividends Sales Revenue Cost of Goods Sold Office Supplies Expenses Salaries Expenses Depreciation Expense, Building Depreciation Expense, Furniture 87,665 19,830 11,540 O Totals $464,615 $464,615 $1,780 Information for Adjustments Office Supplies consumed during the month: Depreciation Expense for Building: Depreciation Expense for Furniture: Unearned revenue earned during the month: Accrued salaries at month end: $4,500 $2,600 $3,825 $975