Requirement 4. Prepare the income statement, the statement of retained earings, and the balance sheet. Begin by preparing the income statement. Review the adjusted trial balance from resuirement 3. Buffalo Ranch Company Income Statement Year Ended December 31, 2018 Choose from any list or enter any number in the input fields and then click Check Answer Adjusted Trial Balance Account Title Credit Trial Balance Worksheet December 31, 2018 Trial Balance Adjustments Dobit Credit Debit 204,000 390,000 (e) 16,000 10,000 (a) 300,000 Cash $ Adjusted Trial Balance Debit Credit 204,000 406,000 1,000 300,000 9,000 160,000 (c) 15,000 175,000 120,000 120,000 Accounts receivable Supplies Building Accumulated depreciation- building Furniture and fixtures Accumulated depreciation- furniture and fixtures Accounts payable Salary payable Unearned service revenue Income tax payable Common stock Retained earnings Dividends 50,000 (b) 10,000 360,000 37,000 (1) (d) 11,000 31,000 (g) 40,000 60.000 360,000 11,000 6,000 40,000 110,000 235,000 110,000 235,000 20,000 20,000 Service revenue 281,000 (e) 16,000 328,000 Adjusted Trial Balance TZU,VOU T20,000 (b) 10,000 50,000 360,000 11,000 TUTTON TOTES Accumulated depreciation- furniture and fixtures Accounts payable Salary payable Uneamed service revenue Income tax payable Common stock Retained earnings Dividends Service revenue 37,000 (0) (d) 31,000 (9) 60,000 360,000 11,000 6,000 40,000 110,000 235,000 40,000 110,000 235,000 20,000 20,000 281,000 16,000 328,000 31,000 (1) 11,000 175,000 (d) (a) 186,000 9,000 9,000 (c) 15,000 15,000 Salary expense Supplies expense Depreciation expense- building Depreciation expense- furniture and fixtures Income tax expense Miscellaneous expense (b) (9) 10,000 40,000 14,000 $ 1,233,000 10,000 40,000 14,000 $ 132,000 $ 1,325,000 $ 1.325,000 1,233,000 $ 132,000 Total