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Questio 1 Based on the following trial balance for Sal's Beauty Shop, prepare an income statement and statement of retained earnings. Sal's Beauty Shop Trial

Questio 1 Based on the following trial balance for Sal's Beauty Shop, prepare an income statement and statement of retained earnings. Sal's Beauty Shop Trial Balance December 31 Cash Accounts receivable Beauty supplies Beauty shop equipment Accounts payable Common stock Retained earnings (1 st January) SAR6,500 475 2,500 17,000 SAR 745 10,000 11,155 36,000 72,000 Dividends Revenue earned Beauty supplies expense Rent expense Wages expense Totals For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). 3,425 6,000 22,000 SAR93,900 SAR93,900

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