Prepare a classified balance sheet, multi-step income statement and statment of cash flows for the year ending 12/31/2018.

Additional Information:

A truck was sold for cash proceeds of $8,000. No trucks were purchased during the year. The loss on disposal of the truck is $3,000.

The increase in equipment was due to cash purchases of new equipment.

The decrease in debit is duye to re-payments.

The portion of notes and bonds payable that will become due next year is $10,000. The company has not made a reclassifying entry to show the current portion of debt.

Do not enter EPS.

	Beginning Trial Balance -post close 12/31/17		Ending Balance Trial Balance 12/31/18
Name	Debit	Credit	Debit	Credit
Cash	280,080		231,994
Accounts Receivable	317,420		393,550
Allowance for Doubtful Accounts		4,580		6,178
Inventory	532,360		535,671
Supplies	2,320		3,680
Goodwill	145,000		139,000
Land	43,000		43,000
Buildings	306,000		306,000
Accumulated Depreciation - Buildings		73,040		78,040
Equipment	32,800		63,900
Accumulated Depreciation - Equipment		13,200		21,200
Trucks	78,400		60,400
Accumulated Depreciation - Trucks		39,540		41,540
Bank Line of Credit				15,000
Accounts Payable		126,850		157,600
Payroll Taxes Payable		11,846		9,448
Income Taxes Payable		5,000		4,000
Interest Payable				23,261
Notes Payable		422,606		417,606
Bonds Payable		269,000		269,000
Common Stock		189,000		189,000
Paid-in capital in Excess of Stated Value		256,400		256,400
Retained Earnings		326,318		326,318
Dividends			50,000
Sales revenue				5,483,396
Sales and Returns and Allowances			14,060
Sales Discounts			115,459
Cost of Goods Sold			4,186,710
Advertising Expense			7,178
Bad Debt Expense			1,120
Supplies Expense			1,540
Freight-out			18,542
Depreciation Expense			22,000
Salaries and Wages Expenses			943,752
Payroll Taxes Expense			83,681
Utilities Expense			16,669
Goodwill Impairement Expense			6,000
Interest Expense			45,081
Loss on Disposal of Truck			3,000
Income Tax Expense			6,000
	1,737,380	1,737,380	7,297,987	7,297,987