Prepare an Income Statement, a Statement of Retained Earnings, and a Balance Sheet from the following trial balance:

Davids, Inc. Trial Balance December 31 Debit Credit Cash $ 21 ............................................................................... Accounts Receivable 39 ............................................................................... Equipment 175 ............................................................................... Accounts Payable $ 27 ............................................................................... Capital Stock 117 ............................................................................... Retained Earnings 39 ............................................................................... Dividends 13 ............................................................................... Service Revenue 203 ............................................................................... Salaries Expense 95 ............................................................................... Depreciation 27 ............................................................................... Advertising Expense 16 ............................................................................... ____ ____ $386 $386