- X Data table Cape Side Realty, Inc. Adjusted Trial Balance December 31, 2018 Account Debit Credit Cash 6,500 Accounts receivable 8,000 Prepaid rent 2,600 800 Supplies Equipment Accumulated depreciation, equipment 42,500 $ S 11.300 Accounts payable 3.300 Unearned service revenue 1.800 Interest payable 500 Salaries payable 5.000 Notes payable 8.000 Common stack 3.550 01:57 Retained earnings 6.200 nidad HOA Print Done acBook Air This question: 17 point(s) possible Resume later Submit test The adjusted trial balance of Cape Side Realty, Inc., at December 31, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Cape Side Realty's income statement and statement of retained eamings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement Start by preparing the income statement. (List expenses in decreasing order on the income statemert. Cape Side Realty, Inc. Income Statement For the Year Ended December 31, 2018 Revenues: Total revenues Expenses: Total expenses Net income Prepare the statement of retained earnings. Cape Side Realty Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Add: Subtotal Less: Prepare the balance sheet Start with the asset portion of the statement, then complete the liabilities and stockholders' equity sections of the statement. (For the asset portion of the statement, select the fixed asset account(s) last.) Cape Side Realty, Inc. Balance Sheet December 31, 2018 Assets Liabilities Less: Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Requirement 2. a. Which financial statement reports Cape Side Realty's results of operations? Were operations successful during 2018? Cite specifics from the financial statements to support your evaluation The reports the results of operations. During 2018, Cape Side Realty, Inc.'s operations as the company b. Which statement reports the company's financial position? The reports the company's financial position. - X Data table Cape Side Realty, Inc. Adjusted Trial Balance December 31, 2018 Account Debit Credit Cash 6,500 Accounts receivable 8,000 Prepaid rent 2,600 800 Supplies Equipment Accumulated depreciation, equipment 42,500 $ S 11.300 Accounts payable 3.300 Unearned service revenue 1.800 Interest payable 500 Salaries payable 5.000 Notes payable 8.000 Common stack 3.550 01:57 Retained earnings 6.200 nidad HOA Print Done acBook Air This question: 17 point(s) possible Resume later Submit test The adjusted trial balance of Cape Side Realty, Inc., at December 31, 2018, follows: (Click the icon to view the adjusted trial balance.) Read the requirements. Requirement 1. Prepare Cape Side Realty's income statement and statement of retained eamings for the year ending December 31, 2018, and year-end balance sheet. List expenses in decreasing order on the income statement Start by preparing the income statement. (List expenses in decreasing order on the income statemert. Cape Side Realty, Inc. Income Statement For the Year Ended December 31, 2018 Revenues: Total revenues Expenses: Total expenses Net income Prepare the statement of retained earnings. Cape Side Realty Inc. Statement of Retained Earnings For the Year Ended December 31, 2018 Add: Subtotal Less: Prepare the balance sheet Start with the asset portion of the statement, then complete the liabilities and stockholders' equity sections of the statement. (For the asset portion of the statement, select the fixed asset account(s) last.) Cape Side Realty, Inc. Balance Sheet December 31, 2018 Assets Liabilities Less: Total liabilities Stockholders' Equity Total stockholders' equity Total assets Total liabilities and stockholders' equity Requirement 2. a. Which financial statement reports Cape Side Realty's results of operations? Were operations successful during 2018? Cite specifics from the financial statements to support your evaluation The reports the results of operations. During 2018, Cape Side Realty, Inc.'s operations as the company b. Which statement reports the company's financial position? The reports the company's financial position