Q 1. Alberto Company adjusted trial balance as of December 31 is as follows. $8,700 1,500 25,450 400 134,500 $88,450 45,000 80,100 67,100 208,250 8,000 Alberto Company Adjusted Trial Balance December 31, 2011 Cash Prepaid Insurance Accounts Receivable Supplies Building Accumulated Depreciation-Building. Land Equipment Accumulated Depreciation-Equipment Fees Earned Dividends Retained Earnings Accounts Payable Salaries & Wages Payable Capital Stock Unearned Revenue Salaries and Wages Expense Depreciation Expense-Equipment Utilities Expense Depreciation Expense-Building Advertising Expense Miscellaneous Expense Insurance Expense Supplies Expense Repairs Expense 54,000 7,500 2,300 15,300 2,000 72,500 5,800 23,200 1,750 18,000 4,050 2,900 1,550 11,500 Instructions (15 marks) a. From the adjusted trial balance prepared in part a, prepare an income statement and statement of retained earnings for the year ended December 31, 2011. Also prepare the company's balance sheet dated December 31, 2011