Prepare the Income Statement, the Retained Earning Statement , the Classified Balance Sheet, and the Closing Entries using the adjusted trial balance for Stockton Company.

Stockton Company
Adjusted Trial Balance
For the Year ended December 31, 2018
Cash	$ 6,030
Accounts Receivable	2,100
Prepaid Expenses	700
Land	10,000
Equipment	13,700
Accumulated Depreciation		$ 1,100
Accounts Payable		1,900
Notes Payable,		4,200
Common Stock		10,000
Retained Earnings		12,150
Fees Earned		8,750
Wages Expense	2,500
Rent Expense	1,960
Utilities Expense	775
Depreciation Expense	250
Miscellaneous Expense	85
Totals	$38,100	$38,190