Preparing income statement, statement of retained earnings and a balance sheet from adjusted trial balance

Part 3: Prepare the Adjust entries are posted) are the Adjusted Trial Balance (i.e., after the previous 6 journal Jones Contractors, Inc. December 31, 2018 Adjusted Trial balance Cash 145000 Accounts Receivable 2.600 Supplies 40001 Prepaid Insurance Inventory DOO Vehicle 15000 Equipment 25.000 Accumulated Depreciation Accounts Payable Unearned Revenue 76016 Wages Payable Long-Term Notes Payable 195000 Common Stock 46000 Retained Earnings (1/1/2018) 67600 Dividends Service Revenue 52.900 Repair Expense los Delivery Expense 115000 Depreciation Expense 15000 Rent Expense 5 Insurance Expense 12 occa Wages Expense 1490go Supplies Expense 75500 4600 Interest Expense Income Tax Expense SS Total 174350 743506 Page 4 of 7 13 Part 4: Prepare the Income Statement the Statement of Retained Earnings, and Balance Sheet (in this order). Include the appropriate titles subtotals and totals You may not use all the lines provided in the statements depending on how you Retained Earnings, and a Classified ents depending on how you label titles) Jones Contractors, Inc. Income Statement Year Ended Dec 31, 2018 Jones Contractors, Inc. Statement of Retained Earnings Year Ended Dec 31, 2018 Page 5 of 7 Jones Contractors, Inc. CLASSIFIED Balance Sheet As of Dec. 31, 2018 two columns below do not represent debit and credit balances like they do on a alance. On the Balance Sheet, use the right column for subtotals and totals.) (Note: The two columns below do not represer Page 6 of 7 Part 5: Answer the following questions using the above complete financial statements: What is Net Income or Net Loss? What is Total Current Assets? What is Total Current Liabilities? What is Total Assets? What is Total Stockholders Equity? Page 7 of 7