Revenues Service Revenue Expenses NASH DESIGN Income Statement For the Year Ended December 31, 2020 Salaries and Wages Expense 11.455 Insurance Expense 958 Interest Expense 512 i Depreciation Expense 7,400 i Supplies Expense Rent Expense Total Expenses Net Income/(Loss) 3,400 4,000 61.655 27,725 i 33.930 (a2) Prepare a statement of retained earnings for the year ending December 31, 2020. NASH DESIGN Statement of Retained Earnings : eTextbook and Media List of Accounts Save for Later +A Attempts Nash Design was founded by Thomas Grant in January 2011. Presented below is th NASH DESIGN ADJUSTED TRIAL BALANCE DECEMBER 31, 2020 Debit Credit Cash Accounts Receivable Supplies Prepaid Insurance Equipment $11,155 21,655 5,155 2,655 60,155 Accumulated Depreciation-Equipment $35,155 Accounts Payable 5,155 Interest Payable 162 Notes Payable 5,400 Unearned Service Revenue 5,755 Salaries and Wages Payable 1,408 Common Stock 10,155 Retained Earnings 3,655 Service Revenue 61,655 Accumulated Depreciation-Equipment $35,155 Accounts Payable 5,155 Interest Payable 162 Notes Payable 5,400 Unearned Service Revenue 5,755 Salaries and Wages Payable 1,408 Common Stock 10,155 Retained Earnings 3,655 Service Revenue 61,655 Salaries and Wages Expense 11,455 Insurance Expense 958 Interest Expense 512 Depreciation Expense 7,400 Supplies Expenses 3,400 Rent Expense 4,000 $128,500 $128,500