Prepare an income statement and a retained earnings sheet ONLY

Ironside security services

end of period spread sheet

for the year ended april30,2014

cash 18000

accounts receivable 37,200

supplies 7500

prepaid insurance 4,800

building 240,500

accumulated depreciation-building 55,200

accounts payable. 6,000

salaries payable. 1,500

unearned rent. 3,000

capital stock. 35,000

retained earnings. 144,300

dividends 10000

service fees. 480,000

rent revenue. 25,000

salaries expense 336,000

rent expense.62,500

supplies expense 12,000

depreciation expense-building 6,000

utilities expense 4,400

repairs expense 3,200

insurance expense 2,800

miscellaneous expense 5,100

total

750,000 750,000