prepare the financial statement for the balance sheet using the adjusted trial balance, income statement, and statement of retained earnings.

Unadjusted trial balance Adjusting entries Adjusted trial balance Credit 18,500.00 175.65 1,100.00 175.65 0.00 Baking Equipment 6,000.00 250.00 Accounts Receivable 10,000.00 Interest Payable 5,000.00 16,000.00 55,000.00 5,000.00 480.00 Common Stock Dividends Bakery Sales Merchandise Sales Baking Supplies Expense Rent Ex Interest Expense 16,000.00 10,000.00 10,000.00 55,000.00 221.00 17,400.00 17,400.00 4,500.00 4,500.00 2,400.00 250.00 250.00 2,400.00 250.00 Depreciation Expense Misc. Expense Office Supplies Expense 250.00 375.00 375.00 Business License Expense Advertising Expense 1,956.00 150.00 1,956.00 50.00 157.60 Telephone Expense 157.60 COGS (FIFO 06,701 86,701.00 20,650 00 20,650.00 87,001.00 87,001.00 Total: (FIFO) Peyton Approved Income Statement For Qtr. Ending 9/30/2018 Revenues 55,000.00 221.00 55,221.00 Bakery Sales Merchandise Sales Total Revenues Cost of Goods Sold Gross Profit (FIFO) 157.6 55,063.40 Operating Expenses Baking Supplies Expenses Rent Expenses Interest Expenses 17,400.00 4,500.00 50.00 250.00 250.00 550.00 375.00 200.00 1,956.00 150.00 2,400.00 28,081.00 epriciation Expense isc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Insurance Expense Total Operating Expenses: 26,982.40 Net Income (FIFO) Peyton Approved Statement of Retained Earnings For Qtr. Ending 9/30/2018 Beginning Balance: plus Net Income (FIFO) less Dividends: Ending Balance (FIFO) 26,982.00 10,000.00 36,982.00