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Prepare an income statement, statement of retained earnings, and a balance sheet.
Fabricated Products Company Adjusted Trial Balance December 31 Debit Credit ash ccounts receivable erchandise inventory ffice supplies tore equipment ccumulated depreciation-store equipment ffice equipment ccumulated depreciation-office equipment ccounts payable otes payable ommon stock etained earnings ividends $19.400 25,000 26,000 1,900 84,000 S22,000 40,000 15.000 12.000 40,000 20,000 90,700 28,000 Sales Sales discounts Sales returns and allowances 245,000 ost of goods sold ales salaries expense epreciation expense-store equipment epreciation expense-office equipment ffice supplies expense nterest expense otals 6,000 16.500 145,000 32,500 11,000 7,500 1,300 600 $444 700 $444 700
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