The adjusted trial balance for Company as of December 31, 2022 is presented below. REQUIRED: Prepare an income statement and statement of retained earnings for the year-ended December 31. Prepare a classified balance sheet as of December 31. This is the company's first year of operations. All yellow cells require either an account title or a valid formula. All totals must include the SUM function. 345 69 7 8 Trial Balance 9 Account Title Debit Credit 10 Cash $21,800 11 Short-term investments 16,800 12 Accounts receivable, net 30,500 13 Supplies 7,600 14 Prepaid expenses 6,100 15 Long-term notes receivable 35,000 16 Investments in stocks and bonds 28,000 17 Equipment 50,400 18 Accumulated depreciation $10,100 19 Land 40.000 20 Copyrights 8,000 23 24 25 26 29 31 222222222 21 Accounts payable 12,000 Unearned fees 2,400 Long-term notes payable 30,000 Common stock 172,900 Dividends 11,200 Services revenue 73,200 27 Interest revenue 3,800 28 Rent expense 8,800 Salaries expense 29,300 30 Miscellaneous expenses 5,860 Depreciation expense 5,040 32 Totals $304,400 $304,400