Prepare Financial Statements: Income Statement, Retained earnings Statement, and Statement of financial position (classified).

	Adjusted Trial Balance
Sr. No	Account	Balance
	Title	Debit	Credit
1	Cash	21,250
2	Accounts Receivable	24,500
3	Allowance for Doubtful Accounts		2,450
4	Notes Receivable	14,500
5	Interest Receivable - Notes Receivable	1,450
6	Art Supplies	500
7	Prepaid Rent	2,292
8	Printing Equipment	62,000
9	Accumulated Depreciation- Printing Equipment		37,400
10	Notes Payable		10,400
11	Interest Payable - Notes Payable		832
12	Accounts Payable		5,500
13	Salaries Payable		1,200
14	Unearned Advertising Revenue		7,040
15	Share Capital - Ordinary		13,000
16	Retained Earnings		7,500
17	Dividends	1,200
18	Advertising Revenue		87,560
19	Salaries Expense	15,500
20	Bad Debt Expense	1,450
21	Depreciation Expense	12,400
22	Art Supplies Expense	4,500
23	Interest Revenue		1,450
24	Rent Expense	208
25	Interest Expense	832
26	Utilities Expense	6,600
27	Insurance Expense	3,750
28	Miscellaneous Expense	1,400
		174,332	174,332