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The following is the Easton Company adjusted Trial Balance. Easton Company Adjusted Trial Balance December 31, 2018 Account Title Debit Credit Cash $88,665 Accounts Receivable

The following is the Easton Company adjusted Trial Balance.

Easton Company
Adjusted Trial Balance
December 31, 2018
Account Title Debit Credit
Cash $88,665
Accounts Receivable $232,400
Supplies $17,000
Equipment $395,000
Accumulated Depreciation $224,260
Accounts Payable 72,555
Capital Stock $220,000
Retained Earnings $127,145
Service Revenue $881,105
Interest Income $5,500
Dividends $9,000
Rent Expense $59,500
Wages Expense $529,000
Supplies Expense $42,000
Utilities Expense $8,000
Depreciation Expense $150,000
Totals` $1,530,565 $1,530,565

Use this information to prepare the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.

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