Saudi Gold Co. Adjusted Trial Balance November 30, 2019 Dr. Cr. Cash Sr 28,700 Accounts Receivable 33,700 Inventory 45,000 Supplies 1,500 Equipment 133,000 Accumulated Depreciation-Equipment Sr 39,000 Notes Payable 51,000 Accounts Payable 48,500 Share Capital-Ordinary 90,000 Retained Earnings 8,000 Sales Revenue 757,200 Sales Returns and Allowances 4,200 Cost of Goods Sold 495,400 Salaries Expense 140,000 Advertising Expense 26,400 Utilities Expense 14,000 Maintenance and Repairs Expense 12,100 Delivery Expense 16,700 Rent Expense 24,000 Supplies Expense 4,000 Depreciation Expense-Equipment 15,000 Interest Expense 11,000 Interest Payable 11,000 Totals E1,004,700 E1,004,700 Additional information: 1. Salaries and wages expense is 70% selling and 30% administrative. 2. Rent expense and utilities expense are 80% selling and 20% administrative. 3. E30,000 of notes payable are due for payment next year.- 4. Maintenance and repairs expense is 100% administrative. 4. Maintenance and repairs expense is 100% administrative. Instructions: Prepare an: 1. income statement 2. Retained earnings statement for the year