Using the Adjusted Trial Balance on the following page prepare an income statement, a statement of retained earnings, and a balance sheet for Otto Von Ottos Fine Automobiles, Inc.

Von Otto's Fine Automobiles, Inc Adjusted Trial Balance December 31, 2018 Credit Debit $9,500 12,000 3,800 9,000 4,200 14,500 58,000 ACCOUNT TITLE Cash Accounts Receivable Office Supplies Prepaid Rent Prepaid Insurance Land Building Accumulated Depreciation-Building Equipment Accumulated Depreciation-Building Accounts Payable Salaries & Wages Payable Unearned Revenue Mortgage Payable (long-term) Common Stock $18,000 22,000 7,000 18,500 7,200 4,500 32,000 12,000