(Solved): Required: Use the information in the adjusted trial balance to prepare (a) the income statement for ...

Required: Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31; (b) the statement of retained earnings for the year ended December 31 [Note: Retained Earnings at December 31 of the prior year was $\$302,220$.]; and (c) the balance sheet as of December 31 . Complete this question by entering your answers in the tabs below. Prepare the statement of retained earnings for the year ended December 31. [Note: Retained Earnings at December 31 of the prior year was $\$302,220$.