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Requirements 1. Prepare the income statement for the year ending December 31,2018. 2. Prepare the statement of retained earnings for the year ending December 31,
Requirements 1. Prepare the income statement for the year ending December 31,2018. 2. Prepare the statement of retained earnings for the year ending December 31, 2018. 3. Prepare the classified balance sheet as of December 31, 2018. Use the report form. Burlington Advertising Services Adjusted Trial Balance December 31, 2018 Balance \begin{tabular}{lrr} & & 35,800 \\ & 19,500 & \\ Furniture & & 14,200 \\ Accumulated Depreciation-Furniture & 9,900 \\ Accounts Payable & 7,600 \\ Salaries Payable & 17,500 \\ Unearned Revenue & 32,800 \\ Common Stock & 25,900 \\ Retained Earnings & & \\ Dividends & & \\ Service Revenue & 15,900 & \\ Salaries Expense & & \\ Supplies Expense & & \\ Depreciation Expense-Building & & \\ Depreciation Expense-Furniture & 29,000 \\ Advertising Expense & 2,500 & \\ \hline \end{tabular} Advertising Expense Total \( \stackrel{\$ \quad 191,800}{\hline} \stackrel{\$ 191,800}{\hline} \) equirement 1. Prepare the Income statement box empty; do not select a label or enter a zero.) Burlington Advertising Services Income Statement Year Ended December 31, 2018 Burlington Advertising Services Statement of Retained Earnings Year Ended December 31, 2018 Retained Earnings, January 1, 2018 Retained Earnings, December 31, 2018 Begin by preparing the asset section of the balance sheet and then prepare the liabilities and stockholders' equity sections. (If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero. Abbreviation used: Accum. = Accumulated.) Less: Less: Liabilities Stockholders' Equity
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