The following is the adjusted trial balance for Steely Company.

Prepare an Income Statement, Statement of Retained Earnings and Balance Sheet.

Steely Company Adjusted Trial Balance For the Year ended December 31, 2008 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts Payable Notes Payable Due on June 30, 2009 Capital Stock Retained Earnings Dividends Fees Earned Wages Expense Rent Expense Utilities Expense Deprciation Expense Miscellaneous Expense 6,130 2,300 750 13,400 1,200 1,700 5,000 6,000 6,000 870 6,600 1,450 900 475 150 75 26,500 Totals 26,500