Prepare an Income Statement and Balance Sheet from given Adjusted Trial Balance.

Cash... usung entries on basis, at December 31. An adjusted trial 31,2018, follows. MEDICAL WONDERS, INC. Adjusted Trial Balance December 31, 2018 Debits Credits S 300 Accounts receivable 150 Unexpired insurance 1,500 Prepaid rent 2,000 Supplies........ 400 Furniture and fixtures. 9,000 Accumulated depreciation; furniture and fixtures $ 6,000 Accounts payable 7,000 Notes payable. 21,550 Salaries payable 1,800 Interest payable 200 Unearned client revenue 400 Capital stock..... 5,000 Retained caring 1,000 Client revenue carned 54,000 Insurance expense.... 5,000 office rent expense 10,000 Supplies expense 400 Salary expense..... 50,000 Depreciation expense; furniture and fixtures 1,000 omice and telephone expense..... 3,200 Internet service expense.... 5,000 Legal expense 2,000 Interest expense. 3,000 Miscellaneous expense, 4.000 $96.950 $96.950 Instructions a. Prepare an income statement and statement of retained earnings for the year ended December 31, 2018. b. Also prepare the