The adjusted Trail Balance of Saudi Gold Company Contained the following accounts at November 30, the end of the company's fiscal year: Saudi Gold Co. Adjusted Trial Balance November 30, 2019 Dr. Cr. Cash. Accounts Receivable Inventory Sr 28,700 33,700 45,000 Supplies.... 1,500 Equipment.. Accumulated Depreciation-Equipment Notes Payable. Accounts Payable Share Capital-Ordinary. 133,000 Sr 39,000 51,000 48,500 90,000 Retained Earnings. 8,000 Sales Revenue Sales Returns and Allowances.. 757,200 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 1,004,700 1,004,700 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. 30,000 of notes payable are due for payment next year. 4. Maintenance and repairs expense are 100% administrative. Instructions: Prepare an: 1. Income statement. 2. Retained earnings statements for the year