On the designated pages, make an Adjusted Trial Balance and then Create Financial Statements for 2018.

Additional information needed for cash flow statement (not adjusting entries): 

Furniture was bought for cash and equipment was bought on credit. No assets were sold. 

Cash dividends of $50,000 were paid during the year. 

Use the indirect method for creating the Statement of Cash Flows

Balance Sheet
1/1/2018
Current assets
Cash		$45,559.00
Accounts receivable		$4,690.00
Office Supplies		$4,258.00
Inventory		$459,871.00
Pre-paid rent		$2,000.00
Notes Rec		$88,331.00
Fixed assets
Building	$252,845.00
(Less Accumulated Depreciation)	-$157,000.00	$95,845.00
Furniture		$5,000.00
Equipment		$56,000.00
Land		$42,000.00
Total assets		$803,554.00
Current liabilities
Salaries Payable		$3,000.00
Accounts payable		$88,437.00
Long term liabilities
Notes Payable		$456,286.00
Total Liabilities		$547,723.00
Capital Stock		$100,000.00
Retained Earnings		$155,831.00
Total Liabilities and Shareholder Equity		$803,554.00

UNADJUSTED UNTRIAL BALANCE
12/31/18		DR	CR
Cash		$7,255.00
Accounts receivable		$1,258.00
Office Supplies		$11,487.00
Inventory		$441,742.00
Pre-paid rent		$4,000.00
Building		$252,845.00
Accumulated Depreciation			$157,000.00
Furniture		$9,000.00
Equipment		$62,000.00
Notes Rec		$81,612.00
Land		$42,000.00
Salaries Payable			$5,000.00
Accounts payable			$83,125.00
Notes Payable			$440,035.00
Capital Stock			$100,000.00
Retained Earnings			$105,831.00
Sales Revenue			$163,208.00
COGS		$81,000.00
Salaries Expense		$42,000.00
Rent Expense		$18,000.00
		$1,054,199.00	$1,054,199.00