Based on the Following Trial Balance for Barry's Automotive Shop

Based on the following trial balance for Barry's Automotive Shop, Inc., prepare an income statement, statement of retained earnings, and a balance sheet. Barry made no additional investments in the company during the year.
Barry's Automotive Shop, Inc.
Trial Balance
December 31 $\begin{array}{llcc} \text {Cash................................. } &\$13,500\\ \text { Accounts receivable......... } &1,500\\ \text {Supplies............................. } &500\\ \text {Repair shop equipment...... } &27,000\\ \text { Service truck.................... } &33,000\\ \text {Accounts payable.............. } &&\$2,600\\ \text { Common stock.................. } &&1,000\\ \text {Retained earnings.............. } &&38,525\\ \text { Dividends.......................... } &36,000\\ \text { Service revenue................. } &&125,000\\ \text {Supplies expense................ } &3,425\\ \text {Rent expense..................... } &18,000\\ \text {Utilities expense................ } &5,000\\ \text {Gas expense...................... } &7,200\\ \text {Wages expense.................. } &\underline{22,000}&\underline{\quad\quad}\\ \text {Totals .............................. } &\underline{\$167,125}&\underline{167,125}\\\end{array}$