Fuel Designs' financial accounts follow. The company has just completed its tenth year of operations ended December 31, 2014.

Required
Prepare Fuel Designs' income statement, statement of retained earnings, and balance sheet. There was no common stock issued during the year.

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Accounts Payable Accounts Receivable Cash Commission Sales Revenue Commissions Expense Commissions Payable Common Stock Dividends Equipment $27,000 13,000 20,100 36,000 35,300 700 2,600 5,100 32,000 $3,600 Income Taxes Expense 4,500 ne Taxes Payable 57,700 Marketing Expense 00,000 Office Rent Expense 225,000 22,700 29,000 33,000 59,900 Retained Earnings, December 31, 2013 Supplies Supplies Expense Telephone and Computer Expenses Wages Expense