Using the trial balance below preparing the following:

(1) - Income Statement,

(2) - Statement of Retained Earnings

(3) - Balance Sheet

Trial Balance 12/31/17 Debit Credit Cash Accounts Receivable Allowance for Doubtful Accounts Inventor Debt Investments (trading) cost145000 Equipment Accumulated Deperciation - Equipment Building Accumulated Deperciation Building Land Franchises Patents Debt Investments (long-term) Equity Investments (long-term) Accounts Payable Salaries and Wages Payable Notes Payable (short-term) Dividends Payable Accrued Liabilities Notes Payable (long-term) Bonds Payable Common Stock, Par $5.00 APIC Treasury Stock Retained Earnings Dividends Declared Sales Revenue COGS Selling Expenses Administrative Expenses Interest Expense Income Tax Expense Investment Revenue 625,000 850,210 $25,000 1,586,000 153,000 622,790 60,000 1,040,000 152,000 260,000 250,000 405,000 650,000 350,000 725,000 150,000 250,000 125,000 1,325,000 1,500,000 1,000,000 80,000 225,000 715,000 250,000 11,525,000 6,450,000 $2,250,000 $1,100,000 250,000 425,000 110,000 $17,742,000$ 17,742,000