The following account information pertains to Dean Furniture, Inc., as of December 31, 2010, after adjustments:

Requirement

Prepare a trial balance at December 31, 2010, income statement and statement of changes in shareholders? equity for the year ended December 31, 2010, and balance sheet as of December 31, 2010.

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Sales $22,000 Other revenue $13,000 20,000 Equipment (net) Accounts receivable Prepaid advertising 2,000 Common stock 14,000 2,500 Accounts payable Operating expenses Inventory Retained earnings Cost of goods sold Cash 3,000 5,500 15,200 17,500 11,000 11,300 2,000 Dividends