The adjusted trial balance for

Hampton Advertising Services

is presented below:

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(Click on the icon to view the adjusted trial balance.)Read the requirements

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.Requirement 1. Prepare the income statement for the year ending

December

31,

2018.

(Use a minus sign or parentheses to show a net loss. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.)

		Hampton Advertising Services
		Income Statement
		Year Ended December 31, 2018
Revenues:
	Service Revenue
Net Income (Loss)

Requirement 2. Prepare the statement of retained earnings for the year ending

December

31,

2018.

(Use a minus sign or parentheses to show a net loss.)

	Hampton Advertising Services
	Statement of Retained Earnings
	Year Ended December 31, 2018
Retained Earnings, January 1, 2018
Retained Earnings, December 31, 2018

Requirement 3. Prepare the classified balance sheet as of

December

31,

2018.

Use the account form.

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.)

		Hampton Advertising Services
		Balance Sheet
		December 31, 2018
Assets
	Less:
	Less:

Liabilities
Stockholders' Equity

Hampton Advertising Services
Adjusted Trial Balance
December 31, 2018
	Balance
Account Title	Debit	Credit
Cash	$13,800
Accounts Receivable	14,300
Office Supplies	7,800
Land	17,800
Building	52,500
Accumulated DepreciationBuilding		$38,900
Furniture	17,700
Accumulated DepreciationFurniture		13,400
Accounts Payable		9,900
Salaries Payable		7,600
Unearned Revenue		17,600
Common Stock		31,500
Retained Earnings		30,100
Dividends	17,200
Service Revenue		40,900
Salaries Expense	24,500
Supplies Expense	8,800
Depreciation ExpenseBuilding	2,200
Depreciation ExpenseFurniture	800
Advertising Expense	12,500
Total	$189,900	$189,900

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