The adjusted trial balance for Party Planner Catering, Inc., is presented next. Prepare the income statement and statement of retained earnings for Party Planner Catering, Inc., for the month ended October 31, 201 2. Also prepare the balance sheet at October 31,2012.

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Party Planner Catering, Inc. Adjusted Trial Balance October 31, 2012 ACCOUNT Cash Accounts Receivable Supplies Equipment Accumulated Depreciation, Equipment Accounts Payable Salaries Payable Unearned Service Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Rent Expense Depreciation Expense, Equipment Supplies Expense Total DEBIT CREDIT $10,200 4.700 1,300 24,000 6,800 2.500 1,000 2,600 1,500 15.600 1,900 18,400 4.400 1,000 600 300 $48,400 $48,400