Practice 2-8 Trial Balance L03 Use the following account balance information to construct a trial balance: Cost of Goods Sold $9,000 Accounts Payable 1,450 Paid-In Capital 2,000 Cash 750 Sales 10,000 Dividends 700 Retained Earnings (beginning) 1,000 Inventory 4,000 particulars Cost of goods sold Accounts payable Paid-in capital cash Trial balance Debit ($) 9,000 < < 750 Credit ($) < 1,450 2,000 < sales 10,000 dividends 700 < Retained earnings(beginning) < 1,000 inventory 4,000 14,450 14,450 Practice 2-10 L03 Income Statement Prepare two income statements, one using the information in Practice 2-8 and the other using the information in Practice 2-9. Practice 2-11 Balance Sheet L03 Prepare two balance sheets, one using the information in Practice 2-8 and the other using the information in Practice 2-9.