Reference no: EM132612054

Question - The following is the Easton Company adjusted Trial Balance:

Easton Company Adjusted Trial Balance December 31, 2018

Account Title/Debit/Credit DEBITS

Cash $88,665

Accounts Receivable 232,000

Supplies 17,000

Equipment 395,000

CREDITS

Accumulated Depreciation $224,260

Accounts Payable 72,555

Capital Stock 220,000

Retained Earnings 127,145

Service Revenue 877,105

Interest Income 5,500

DEBITS

Dividends 7,000

Rent Expense 59,900

Wages Expense 529,000

Supplies Expense 40,000

Utilities Expense 8,000

Depreciation Expense 150,000

Totals $1,526,565 $1,526,565

Required - Use this information to make the Single-Step Income Statement for the fiscal year. There are additional lines in the formatted income statement form to allow for authorized alternate presentations.