Using the Adjusted Trial Balance shown below, prepare (a) an Income Statement and (b) a Statement of Retained Earnings for Coolidge Repairs

Coolidge Repairs Adjusted Trial Balance July 31, 2014
Cash	$19,100
Accounts Receivable	71,700
Supplies	1,400
Equipment	22,300
Accumulated Depreciation: Equipment		$8,400
Accounts payable		17,000
Notes payable		4,500
Income taxes payable		23,800
Capital stock		25,300
Retained earnings		6,200
Dividends	12,400
Fees earned		112,000
Rent expense	8,000
Wages expense	33,200
Supplies expense	3,500
Utilities expense	1,900
Depreciation expense: equipment	920
Income Tax Expense	22,780	_______
Totals	$197,200	$197,200