The adjusted trial balance of Cavamanlis Co. as of December 31, 2019, contains the following.

Instructions
a. Prepare an income statement.
b. Prepare a retained earnings statement.
c. Prepare a classified statement of financial position.

Cavamanlis Co. Adjusted Trial Balance December 31, 2019 Dr. Account Titles Cr. $18,972 Cash 6,920 Accounts Receivable Prepaid Rent 2,280 18,050 Equipment $ 4,895 Accumulated Depreciation-Equipment Notes Payable 5,700 Accounts Payable 4,472 Share Capital-Ordinary 20,000 Retained Earnings 11,310 Dividends 3,000 12,590 Service Revenue Salaries and Wages Expense 6,840 Rent Expense 2,760 Depreciation Expense 145 Interest Expense 83 Interest Payable 83 $59,050 $59,050