The adjusted trial balance for Speedy Courier as of December 31, 2016, follows.

Required
1. Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31, 2016; (b) the statement of retained earnings for the year ended December 31, 2016; and (c) the balance sheet as of December 31, 2016.
2. Compute the profit margin for year 2016 (use total revenues as the denominator).

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Credit Interest recelvable 0 Notes recelvable (due In 90 days) Accumulated depreclation-Trucks Salaries payable s earned Depreclatlon expense Trucks Depreclation expense Equlpment g expense Repalrs expense_ Trucks $1,530,800 $1,530,800