The adjusted trial balance of Holiday Hams, Inc., follows Click the icon to view the adjusted trial balance.) Requirement 1. Prepare Holiday Hams, Inc.'s single-step income statement and statement of retained earnings for the year ended December 31, 2018, and its balance sheet on that date Let's start by completing the single step income statement. (If a box is not used in the income statement leave the box empty, do not select a label or enter a zero.) Holiday Hams, Inc. Income Statement Year Ended December 31, 2018 Thousands Revenues Expenses Choose from a list or enter any number in the innuit finis Data Table Follows. ce.) income stat kte. Holiday Hams, Inc. Adjusted Trial Balance December 31, 2018 statement.( Hams, Inc. Statement cember 31, 2 (Amounts in thousands) Account Debit Credit Cash $ 4,500 Accounts receivable 1,400 2,400 Inventories 1,400 16,400 $ 2,200 9,500 Prepaid expenses Property, plant, and equipment Accumulated depreciation property, plant, and equipment Other assets Accounts payable Income tax payable Other liabilities Common stock 7.300 400 2.600 14,200 er in the input field Print Done CI i Data Table nc., follows. balance.) -step income stat 2,400 bte. ome statement 1,400 16,400 ay Hams, Inc. me Statement 2,200 9,500 December 31, 2 7,300 400 Inventories Prepaid expenses Property, plant, and equipment Accumulated depreciation property, plant, and equipment Other assets Accounts payable Income tax payable Other liabilities Common stock Retained earnings (beginning, December 31, 2017) Dividends Sales revenue Cost of goods sold Selling, administrative, and general expenses Income tax expense 2,600 14,200 5,500 1,500 42,400 25,000 10,000 2,500 Total $ 74,600 $ 74,600 mber in the input field Print Done