Adjusted year ending balances of accounts for ACB Corporation, 2021

Cost of goods sold $550,000

Accrued Interest $10,000
Supplies $30,000
Interest expense $20,000
Accounts receivable $38,000
Salary expenses $50,000
Salary payable $40,000
Land and Building $1,500,000
Accumulated depreciation $80,000
Depreciation expenses $45,000
Accounts payable $19,000
Mortgage Payable $88,000
Common stock $1,261,000
Cash $81,000
Retained earnings (1/1/21) $9,000
Sales revenue $1,000,000
Unearned Service Revenue $28,000
Supplies expense $5,000
Dividends $175,000
Inventory $41,000

Requirement
From the data provided construct:
an income statement;
a statement of retained earnings;
and a balance sheet.
Income Statement

Gross profit

Net income
Statement of Retained
Earnings

Retained earnings (31-12-2021)

Balance Sheet
Assets

Current Assets

Non-Current Assets

Total Assets
Liabilities and Equity

Current Liabilities

Non-Current Liabilities

Total liabilities

Equity

Total equity

Total Equity and Liabilities