Practice Problem: Financial Statements Using the information below from the ndjusted trial balance for the Broomall Retail Corporation, prepare the company's Income Statement, Retained Earnings Statement and Balance Sheet for their 20x9 calendar year. - Sales Cash COGS Accounts Payable Depreciation Expense Notes payable (due in 5 years) Inventory Salaries Expense Dividends . $ 103,000 11,000 30,000 14,000 10,000 40,000 9,000 15,000 1,000 Accounts Receivable - Advertising Expense Marketable Securities Land Insurance expense Retained Earnings (1-1-X9) Preferred Stock, $5 Stated Common Stock, $1 Par APIC - Excess Par Common Treasury Stock Sales Returns - Building Accumulated depreciation Unearned Revenue $ 27,000 23.000 8,000 30,000 17.000 22,000 46,000 30,000 4,000 - - - Allowance for Uncollectible Accounts 2,000> 100,000 25,000> 5,000 Uncollectible Accounts Expense (Bad debt expense) 2,000 . Broomall Retail Co. Income Statement For the year ended 12/31/20X9 NET Sales ($103,000 - ) $ Less: Operating Expenses: NI Broomall Retail Co Statement of Retained Earnings S Broomall Retail Company Balance Sheet Current Assets Current Liabilities Accounts receivables less: sc > S Total CL LTL Total CA PP&E Total Liabilities Stockholder's Equity less: Total PP&E Total Assets Total PIC Current Ratio: less: Total SE Quick Ratio: Total LIA & SE 17