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# The following is the adjusted trial balance of Marie, Inc., at December 31, 2018, the end...

The following is the adjusted trial balance of Marie, Inc., at December 31, 2018, the end of the current year. The retained earnings balance was \$11,500 at January 1, 2018, the beginning of the current year.

Marie, Inc.

December 31, 2018

 Accounts Debit Credit Cash \$83,600 Accounts Receivable 29,000 Prepaid Insurance 3,500 Office Supplies 3,200 Building 207,000 Accumulated Depreciation—Building \$26,500 Land 47,000 Accounts Payable 25,000 Salaries Payable 5,000 Unearned Revenue 27,000 Mortgage Payable 103,000 Common Stock 16,000 Retained Earnings 11,500 Dividends 5,000 Service Revenue 290,000 Salaries Expense 62,500 Rent Expense 47,000 Depreciation Expense—Building 6,200 Supplies Expense 2,000 Insurance Expense 5,000 Interest Expense 3,000 Total \$504,000 \$504,000

Requirements

 1 Prepare Marie, Inc.’s income statement for the year ended 12/31/2018 ( Net Income = \$164,300) 2 Prepare the statement of retained earnings for the year ended 12/31/2018 (RE ending balance = \$170,800) 3 Prepare the balance sheet as of 12/31/2018 (Total current assets = \$119,300) (Total assets = \$346,800) (Total liabilities = \$160,000) (Total SE = \$186,800)

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