The adjusted trial balance of Honeyglazed Hams, Inc., follows. Requirement Prepare Honeyglazed Hams, Inc.s income statement and

The adjusted trial balance of Honeyglazed Hams, Inc., follows.

Requirement
Prepare Honeyglazed Hams, Inc.’s income statement and statement of retained earnings for the year ended December 31, 2012, and its balance sheet on thatdate.

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Honeyglazed Hams, Inc Adjusted Trial Balance December 31, 2012 (Amounts in thousands) Account Cash Adjusted Trial Balance DebitCredit $ 3,700 1,700 1,600 1,600 6,800 nts receivable Inventories Prepaid expenses Property, plant and equipment Accumulated depreciation Other assets Accounts payable Income tax payable Other liabilities Common stock Retained earnings (beginning, December 31, 2011) Dividends Sales revenue Cost of goods sold Selling, administrative, and general expenses Income tax expense S 2,800 9,500 7,900 500 2,400 4,600 4,700 1,500 40,900 25,000 10,300 2,100 Total $63,800 $63,800