The adjusted trial balance of Valley Realty, Inc., at December 31,2018 , follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Valley Realty's income statement and statement of retained earnings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement. Start by preparing the income statement. (List expenses in decreasing order on the income statement.)