For the month Ending December 31, 2020 For the month Ending D Sales revenue 18,600 Retained Earnings, Dec 1 Less: Sales Discount 360 Add: Net income Net sale 18,240 Retained Earnings, Dec 31 Cost of Goods Sold 12,500 Gross profit 5,740 Operating Expense Salaries and Wages Expense 3,200 Supplies Expense 1500 Depreciation Expense 200 4,900 Net income 840 Jurczyk Distributing Jurczyk Distributing Retained Earnings Statement Statement of Financial Posi For the month Ending December 31, 2020 For the month Ending December etained Earnings, Dec 1 9,300 Assets Add: Net income 840 Property, Plant, and Equipment etained Earnings, Dec 31 10,140 Equipment Less: Accumulated Depreciation Current Assets Supplies Inventory Accounts Receivable Cash Total Assets Equity and Liabilities Equity Share - Capital Ordinary Retained Earnings Current Liabilities Accounts Payable Salaries and Wages Payable Total Equity and Liabilities Jurczyk Distributing Statement of Financial Position he month Ending December 31, 2020 Assets nt, and Equipment t 22,000 umulated Depreciation 2,400 19,600 s 1,700 8,320 Receivable 2,500 13,320 25,840 45,440 Equity and Liabilities 30,000 apital Ordinary 10,140 Earnings 40,140 lities Payable 4,500 nd Wages Payable 800 5,300 and Liabilities 45,440