The adjusted trial balance of Nicks Financial Planners appears below and using the information from the adjusted trial balance, you are to prepare for the year ending December 31, 2015.Use the information to prepare:

1.an income statement;

2.a retained earnings statement; and

3.a balance sheet.

NICKS FINANCIAL PLANNERS

Adjusted Trial Balance

December 31, 2014

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Debit Credit

Cash ........................................................................................................ $ 15,400

Accounts Receivable ..............................................................................2,200

Supplies ..................................................................................................1,800

Equipment .............................................................................................. 15,500

Accumulated DepreciationEquipment ............................................... $4,000

Accounts Payable ................................................................................... 3,000

Unearned Service Revenue .................................................................... 5,000

Common Stock........................................................................................................ 15,000

Retained Earnings .................................................................................. 7,400

Dividends ............................................................................................... 3,500

Service Revenue ..................................................................................... 9,500

Supplies Expense ................................................................................... 1,100

Depreciation Expense ............................................................................ 2,500

Rent Expense .......................................................................................... 1,900

$43,900 $43,900