Prepare Income Statement

Prepare Statement of changes in stockholders equity

Prepare Balance Sheet

Details about the Colton's enterprise trial balance is given below: Colton Enterprises Trial Balance December 31, 2019 Account Titles Debit Credit Cash Accounts Receivable $ 29,500 16,500 3,000 $ 7,000 Prepaid Rent Accounts Payable Salaries Payable Common Stock 2,400 35,000 Service Revenue 72,000 Operating Expenses 35,000 Rent Expense 9,000 23,400 Salaries Expense Totals $116,400 $116,400