The adjusted trial balance for Callahay Company as of December 31, 2011, follows.
Debit Credit
Cash $ 160,600
Accounts receivable 51,000
Interest receivable 22,200
Notes receivable (due in 90 days) 169,000
Office supplies 17,000
Automobiles 167,000
Accumulated depreciation—Automobiles $ 55,000
Equipment 142,000
Accumulated depreciation—Equipment 18,000
Land 84,000
Accounts payable 102,000
Interest payable 45,000
Salaries payable 24,000
Unearned fees 46,000
Long-term notes payable 154,000
Common stock 22,000
Retained earnings 283,800
Dividends 48,000
Fees earned 514,000
Interest earned 26,000
Depreciation expense—Automobiles 27,000
Depreciation expense—Equipment 20,500
Salaries expense 185,000
Wages expense 40,000
Interest expense 33,400
Office supplies expense 34,600
Advertising expense 63,500
Repairs expense—Automobiles 25,000
Totals $ 1,289,800 $ 1,289,800
Pepare Income statement, statement of Retained earnings and Balance sheet.