USING THE SPACE BELOW PLEASE PREPARE, IN GOOD FORM: 1.) AN INCOME STATEMENT 2.) A STATEMENT OF STOCKHOLDERS EQUITY (AS MENTIONED IN CLASS YOU ONLY NEED TO PREPARE THE COLUMN FOR RETAINED EARNINGS FOR THE EXAM) 3.) A BALANCE SHEET Trial balance for Sales Company For the Year ended December 31, 2019 TRIAL BALANCE AMOUNT Depreciation Expense 10,000 Income tax expense 40,000 Rent Expense 15,000 Inventories, December 31, 2018 10,000 Accrued Expenses 15,000 Sales Revenue 425,000 Preferred Stock 10,000 Accounts Receivable 115,000 Retained Earnings 50,000 Cash 57,000 Common Stock (No Par) 55,000 Interest Expense 13,000 Notes Payable, Long Term 130,000 Sales Returns and Allowances 30,000 Salaries Expense 25,000 Accumulated Depreciation Buildings & Equipment 10,000 Treasury Stock 25,000 Prepaid Expenses 30,000 Dividends Declared & Paid 10,000 Unearned Rent Revenue 20,000 Allowance for Doubtful Accounts 5,000 Purchases 185,000 Inventories, December 31, 2019 25,000 Accounts Payable 40,000 Buildings & Equipment 200,000 Dividend Revenue 5,000