Read: Use the Ajusted trial balance below to prepare the company's Income statement, Statement of shareholders' quity, Balance sheet, and Statement of cash flows (indirect method).

Adjusted Trial Balance
As of December 31, 2021
					Debit	Credit
Cash					7,759,563
Short-term investments					205,777
Accounts receivable					1,864,816
Allowance for doubtful accounts						56,485
Inventory					2,394,351
Prepaid rent					36,000
Prepaid insurance					0
Office supplies					21,745
Shelves					50,000
POS machines					7,200
Delivery trucks					88,453
Packaging equipment					62,000
Trademark					1,600
Accumulated depreciation						70,055
Accumulated amortization						1,280
Accounts payable						26,139
Utility payable						1,763
Salaries payable						23,625
Interest payable						0
Unearned revenue						364,540
Income taxes payable						62,068
Notes payable						0
Bonds payable						0
Discount on bonds payable						0
Dividends payable						0
Common stock						350,000
Preferred stock						610,000
Treasury stock					160,000
Paid-in-capital in excess of par-Common stock						7,900,000
Paid-in-capital in excess of par-Preferred stock						1,540,000
Retained earnings						922,640
Dividends					150,000
Sales revenue						7,931,599
Sales discount					14,753
Cost of goods sold					5,535,346
Freight-out expense					800
Salaries expense					1,229,025
Utility expense					19,233
Office supplies expense					18,655
Rent expense					72,000
Depreciation expenses					17,614
Amortization expense					320
Interest expense					85,727
Trademark maintanance fee expense					75
Registration fee expense					350
Insurance expnese					475
Maintenance expense					500
Advertising expense					5,000
Bad debt expense					39,893
Gain on sale of bonds payable						2,770
Inventory write-down loss					21,693
Total					19,862,964	19,862,964