(22 points total) Following is an adjusted trial balance for Over Armour, Inc., a manufacturer...
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Accounting
(22 points total) Following is an adjusted trial balance for Over Armour, Inc., a manufacturer of athletic gear, as of December 31 (year end). The trial balance is sorted alphabetically by account name. Your task is to prepare a Balance Sheet and a Statement of Retained Earnings in proper form. Remember that a classified balance sheet separates current and long-term assets as well as liabilities. You do not have to prepare an income statement: the Net Income for the year is $660. The Retained Earnings balance shown below is the balance as of the beginning of the year because closing entries have not been posted. Debit bor Credit 1,785 1,857 3,078 234 2,562 Account Titlenilo bodo Accounts Payable Accounts Receivable Accumulated depreciation Additional Paid In capital in excess of par Allowance for Doubtful Accounts Cash and cash equivalents Common stock Cost of Goods Sold Current portion of long-term debt Depreciation expense Dividends paid Intangible assets Inventories 3,137 9,295 131 875 1,200 540 3,217 586 1,150 4,635 Long-term debt Maintenance expense Property and equipment Retained Earnings, January 1 Sales Revenues Selling & administrative expense 4,400 16,025 mobb 4,045 29,376 29,376 Totals Prepare a Statement of Retained Earnings for the year ended December 31, 2018. Hot 2002916 sblvo 19 snob 976 yard worl WOMX 1 00 W points) Prepare a (classified) balance sheet as of December 31, 2018. 51-90 day


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