Using the Adjusted Trial Balance shown below, prepare an Income Statement

Using the Adjusted Trial Balance shown below and the Income statement you prepared, prepare a Statement of Retained Earnings for German Tours Company

Explain how the Income statement and the statement of retained earnings

relate to the balance sheet

German Tours Company Adjusted Trial Balance December 31, 2018 Cash Accounts receivable Equipment Accumulated depreciation Accounts payable Unearned revenue Salaries payable Interest payable Notes payable Capital stock Revenue Salanes expense Advertising expense Fue expense Depreciation expense Interest expense Dividends Debit Credit $15.500 4.500 45.000 $5.000 4.000 1.200 2.000 1.200 20.000 30.000 32 800 17.000 5.000 2.000 5.000 1,200 1.000 $96.200 $96 200