Reference no: EM132591220

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

Easton Company Adjusted Trial Balance December 31, 2018

Account Title Debit Credit

Cash $88,665

Accounts Receivable 232,400

Supplies 17,000

Equipment 395,000

Accumulated Depreciation $224,260

Accounts Payable 72,555

Capital Stock 220,000

Retained Earnings 127,145

Service Revenue 881,105

Interest Income 5,500

Dividends 9,000

Rent Expense 59,500

Wages Expense 529,000

Supplies Expense 42,000

Utilities Expense 8,000

Depreciation Expense 150,000

Totals $1,530,565 $1,530,565

Use this information to prepare 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.