Chapter 4, Problem E4.16E

E4−16 Preparing the financial statements
The adjusted trial balance for Green Advertising Services is presented below:

GREEN ADVERTISING SERVICES Adjusted Trial Balance December 31, 2018
	Balance
Account Title	Debit	Credit
Cash	$ 14,000
Accounts Receivable	15,800
Office Supplies	6,500
land	18,400
Building	47,900
Accumulated Depreciation—Building		36,100
Furniture	19,600
Accumulated Depreciation—Furniture		14,100
Accounts Payable		10,600
Salaries Payable		7,200
Unearned Revenue		16,000
Green, Capital		61,400
Green, Withdrawals	18,300
Service Revenue		49,800
Salaries Expense	28,600
Supplies Expense	8,400
Depreciation Expense—Building	2,900
Depreciation Expense—Furniture	1,300
Advertising Expense	13,500
Total	S 195,200	S 195,200

Requirements

1. Prepare the income for the year ending December 31, 2018.
2. Prepare the statement of owner’s equality for the year ending December 31, 2018. Assure that there were no contributions made by the owner during the year.
3. Prepare the classified balance sheet as of December 31, 2018. Use the report form.