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sage Hill Inc. was founded in January 2013. Presented below are adjusted and unadjusted trial balances as at December 31, 2017. Sage Hill Inc. TRIAL BALANCE DECEMBER 31, 2017 Adjusted Unadjusted Dr. Cr. Dr. Cr. $11,660 21,200 8,900 3,550 63,600 $11,660 Accounts receivable 24,910 3,180 2,650 63,600 Prepaid insurance Accumulated depreciation-equipment Accounts payable Interest payable Notes payable Unearned revenue $29,680 5,300 34,980 5,300 150 5,000 5,940 1,380 10,600 4,000 67,310 5,000 7,420 10,600 4,000 62,120 Service revenue Salaries and wages expense 10,600 11,980 520 5,300 5,720 4,240 Interest expense 370 Supplies expense Rent expense 4,240 $124,120 $124,120 $134,660 $134,660 Help me to solve income statement and retained earning. Thanks
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SAGE HILL INC. Income Statement For the Year Ended December 31, 2017 Revenues: Service Revenue Expenses Salaries and Wages Expense Insurance Expense Interest Expense Depreciation Expense Supplies Expense Total Expenses Net Income 67310 11980 900 520 5300 5720 24420 42890 SAGE HILL INC Statement of Retained Earnings For the Year Ended December 31, 2017 Retained Earnings, January 1, 2018 Add: Net Income Retained Earnings, December 31, 2018 4000 42890 46890

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