Using the given Trial Balance and other information, create a Balance Sheet, Income Statement and Statement of Cash Flows for the year ended 12/31/2018.

Big Time Cupcake Company Trial Balance As of December 31 2017 and 2018 12/31/17 12/31/18 Debit Credit Debit Credit 15,000 25,000 10,000 Cash Accounts receivable Investment in Stock Market Allowance for doubtful accounts Cupcake invento Furniture and fixtures Accumulated depreciation Accounts payable Wages payable Notes payable Common stock Retained earnings Cupcake sales Cost of good sold Wages Insurance Taxes Rent Depreciation Bad debt expense Gain/loss on sale of fixed assets 35,500 17,500 20,000 2,000 3,000 45,000 72,000 52,000 80,000 20,000 7,500 2,000 80,000 25,000 30,500 24,500 9,000 1,000 72,000 30,000 28,500 125,000 62,500 12,500 1,000 2,000 7,500 5,000 1,000 3,500 167,000 167,000 296,500 296,500 The company purchased $15,000 of fixed assets The company paid $2,000 of dividends The company paid off $8,000 of long term debt The company sold a fixed assets, original cost was $7,000, accumulated depreciation was $500 and they received $10,000 in cash for the asset