Question 4 of 6 Data table Cape Side Realty, Inc. Adjusted Trial Balance December 31, 2018 Account Debit Credit Cash 6,500 Accounts receivable 8,000 Prepaid rent 2,600 Supplies 800 42,500 Equipment Accumulated depreciation, equipment 11.300 Accounts payable 3,300 Unearned service revenue 1,800 500 Interest payable Salaries payable Notes payable 5.000 8.000 Common stock 3.550 Retained earnings 8.200 Dividende 15 min Print Done MacBook Air Question 4 OT -- Data table ,J0 ACCUTOateu vepruvatom, eqopment Accounts payable 3,300 Uneared service revenue 1,800 Interest payable 500 5,000 Salaries payable Notes payable 8,000 Common stock 3,550 Retained earnings 8,200 Dividends 15,000 Service revenue 97,000 Interest revenue 1,550 Salaries expense 43,000 Rent expense 13.000 Depreciation expense, equipment 4,200 Utilities expense 3,000 Interest expense 1,100 Supplies expense 500 Total S 140,200 $ 140,200 Print Done MacBook Air Prepare the statement of retained earnings. Cape Side Realty, Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Add: Subtotal Less Prepare the balance sheet. Start with the asset portion of the statement, then c Requirement 1. Prepare Cape Side Realty's income statement and statement of ret: Start by preparing the income statement. (List expenses in decreasing order on the is Cape Side Realty, Inc. Income Statement For the Year Ended December 31, 2018 Revenues: Total revenues Expenses: Total expenses Net income The adjusted trial balance of Cape Side Realty, Inc., at December 31, 2018, follows: Prepare the balance sheet. Start with the asset portion of the statement, then complete the liabilities and stockholders' equity sections of the statement (For the asset portion of the statement, select the fixed asset account(s) last.) Cape Side Realty, Inc. Balance Sheet December 31, 2018 Assets Liabilities Less: Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Requirement 2. a. Which financial statement reports Cape Side Realty's results of operations? Were operations successful during 2018? Cite specifics from the financial statements to support your evaluation. The reports the results of operations. During 2018, Cape Side Realty, Inc.'s operations y as the company b. Which statement reports the company's financial position? The reports the company's financial position