Using the Trial Balance file, create an Income statement, Statement of Retained Earnings, and Balance Sheet. Submit your answer in either a spreadsheet format, pdf, or a picture of hand written work Trial Balance @ 9/30/2018 DR CR How did this Trial Balance Happen 11,000 20,000 Process 23,500 40,000 Transactions 7,650 Journals 4,000 2,500 3,800 25,000 T-Accounts - General Ledger Cash Accounts Payable Accounts Receivable Cost of Goods Sold Unearned Revenue Rent Expense Prepaid Insurance Supplies Expense Equipment Salary Payable Buildings Sales Revenue Interest Expense Supplies Common Stock Retained Earnings (begin) Dividends Salary Expense 20,300 Adjustments 30,000 84,000 Adjusted Trial Balance 750 4,800 25,000 12,500 12,000 12,100 169,450 169,450 Revenue 84,000 Begin Net income Dividends End 12,500 23,350 12.000 23.850 COGS 40,000 44,000 Gross Profit Expenses Salary Rent Supplies Interest total Expenses 12,100 4,000 3,800 750 20,650 Assets Cash A/ Prepaid Insur Supplies Current Assets Equipment Buildings 11,000 23.500 2.500 4.800 41.800 25,000 30,000 Net Income 23,350 Total Assets 96,800 Liabilities A/P Uncamed Revenue Salary Payable Current Liabilities 20,000 7,650 20,300 47,950 shareholders Equity Common stock Retained Earnings 25,000 23.850 48,850 Total Shareholders Equity Total Liabilities & Shareholders Equity 96,800