Cases INCOME STATEMENT, RETAINED EARNINGS AND BALANCE SHEET The trial balance of Dot Company as on December 31, 2017 is as follows: Dot Company Trial Balance As on December 31, 2017 Account Titles Debit (Rs.) Computer.......... 40,000 Accumulated depreciation-Computer.. Furniture...... 10,000 Accumulated depreciation-Furniture..... Office supplies.......... Accounts receivables Cash........... 4,800 ******** 5,400 7,600 6,000 Prepaid insurance.. Bills payable..... Unearned revenue. Share capital.... Retained earnings.. Dividends....... 1,000 Service revenue earned. Salaries expenses. 8,620 Utility expenses. 2,070 Travelling expanses. 3,400 Total..... Rs. 88,890 ****** The following additional information are available: a. Charged depreciation on computer is Rs. 3,000 and furniture Rs. 1,250 Stock of office supplies is Rs. 550. b. C. Unexpired insurance is Rs. 3,000. d. Revenue of Rs. 1,230 earned but bill has not been sent yet. Unpaid rent is Rs. 1,720. e. f. The company has tax bracket 30 percent. Required Income statement, statement of retained earnings and balance sheet. Credit (Rs.) 9,000 2,500 2,000 2,500 40,000 3,000 29,890 Rs. 88,890 Ans: Net profit Rs. 2.667; R/E Rs. 4,667; B/S Rs. 52,030