Ques: Using the following information for ABD Company prepare 1. Income statement for the year ended Dec 31, 2017 2. Retained Earnings Statement for the year ended Dec 31, 2017 3. Balance Sheet as on Dec 31, 2017. 32,000 36,000 ? Accounts Payable Accumulated Dep - Building Cash Shares of Company A (2 year investment) Unearned Revenue Prepaid Rent Retained Earnings (Beg Bal) Rent Payable Sales Revenue Supplies Exp Rent Expense Copyrights 68,000 Accounts Receivable 100,000 Dividends 128,000 Share Capital 5,000 Fixed Deposit of 6 months 26,600 Note Payable (20,000 due in 2018) 35,600 Patents 48,000 Utility Expense 6,000 Salary Payable 840,000 Inventory 10,000 Depreciation Exp 23,600 Buildings 8,000 Supplies 3,500 100,000 20,000 268,000 45,600 37,000 25,000 900,000 46,000