BBB Co. Adjusted Trial Balance at the end of fiscal year December 31 is as follows. Account Title Debit Credit
Cash $ 7,100
Accounts receivable 16,500
Office supplies 2,000
Bus 163,000
Accumulated depreciation—Bus $ 33,578
Land 75,000
Accounts payable 11,100
Interest payable 3,000
Long-term notes payable 52,000
Common stock 9,335
Retained earnings 138,000
Dividends 19,000
Travel fees earned 141,000
Depreciation expense—Bus 21,658
Salaries expense 66,129
Office supplies expense 5,500
Repairs expense—Bus 12,126
Totals $ 388,013 $ 388,013
At December 31 of the prior yeear, the Retained Earnings balance was $138,000.
(1) Prepare the income statement for the year ended December 31.
(2) Prepare the statement of retained earnings for the year ended December 31.
(3) Prepare the classified balance sheet for the year ended December 31.