208. Based on the following trial balance for Barry’s Automotive Shop, Inc., prepare an income statement, statement of retained earnings, and a balance sheet. Barry made no additional investments in...

Cash...................................

$ 13,500

Accounts receivable.........................

1,500

Supplies.................................

500

Repair shop equipment.......................

27,000

Service truck..............................

33,000

Accounts payable...........................

$2,600

Common stock

Retained earnings

1,000

38,525

Dividends................................

36,000

Service revenue............................

125,000

Supplies expense...........................

3,425

Rent expense..............................

18,000

Utilities expense...........................

5,000

Gas expense..............................

7,200

Wages expense............................

22,000

Totals..................................

$ 167,125

167,125