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

Based on the following trial balance for Barry's Automotive Shop, prepare an income statement, statement of retained earnings, and a balance sheet. Barry, the company's sole stockholder, made no additional investments in the company during the year.
$\begin{array}{|lcc|}\hline \quad \quad \quad \quad \quad \text { Barry's Automotive Shop } \quad\quad\quad\quad \\\hline \quad \quad \quad \quad \quad\quad\quad \text { Trial Balance } \\\hline \quad \quad \quad \quad \quad \quad\quad \text { December 31 } \\\end{array}$
$\begin{array}{|l|r|r|}\hline \text { Cash } & \$ 12,500 \\\hline \text { Accounts receivable } & 1,500 \\\hline \text { Supplies } & 500 \\\hline \text { Repair shop equipment } & 27,000 \\\hline \text { Service truck } & 33,000\\\hline \text { Accounts payable } & & \$ 2,600 \\\hline \text { Barry, Capital } & & 38,525 \\\hline \text { Barry, Withdrawals } & 36,000 & \\\hline \text { Service revenue } & & 125,000 \\\hline \text { Supplies expense } & 3,425 \\\hline \text { Rent expense } & 18,000 \\\hline \text { Utilities expense } & 5,000 \\\hline\text { Gas expense } & 7,200 \\\hline\text { Wages expense } & 22,000 \\\hline \text { Totals } & \underline {\$ 166,125}& \underline {\$ 166,125} \\\hline\end{array}$