Wilderness Guide Services, Inc. performs adjusting entries every month. But clowses its accoutnsonly at year-end. The compnay' year end adjusted trail balance dated DEcember 31, Current year, is as follows.

Wilderness Guide Services Inc

Adjusted Trial Balance

12/31/17

Cash	$12,200
Accounts recievable	$31,000
Camping supplies	$7,900
Unexpired insurance policies	$2,400
Equipment	$70,000
Accumulated Depreciation: equipment		$60,000
Notes payable (dye 4/1/18)		$18,000
Accounts payable		$9,500
Capital Stock		$25,000
Retained Earnings		$15,000
Dividends	$1,000
Guide Revenue earned		$102,000
Salary Expense	$87,500
Camping supply expense	$1,200
Insurance expense	$9,600
Depreciation Expense: Eqipment	$5,000
Inerest expense	$1,700

A).prepare an income statement adn statement of retained earnings for the eyar ended December 31, 2017. Also prepare the company's balacne sheet dated 12/31/17/ (hint- unprofictable companies have no income taxes expense)

B) does the compnay apear to be liquid- why or why not?

C) Has teh company been profitable in teh past (Explain).