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Prepare the following based off the provided Trial Balance:

1. Income Statement for the month ended May 31, 2018
2. Statement of Changes in Shareholders Equity for the month ended May 31, 2018
3. Classified Statement of Financial Position (Balance Sheet) as at May 31, 2018

Joe Schmoe Inc.
Adjusted Trial Balance
31-May-18
Trial Balance			DR	CR
Cash			$ 68,565.84
Prepaid Advertising			$ 990.00
Supplies			$ 44.00
Prepaid Insurance			$ 900.00
Equipment			$ 7,440.00
Leasehold Improvements			$ 990.00
Owner's Equity				$ 6,000.00
Accounts Payable				$ 1,689.50
Utilities Expense			$ 150.00
Salaries Expense			$ 9,975.00
Rent Expense			$ 1,000.00
Inventory Expense			$ 500.00
Insurance Expense			$ 180.00
Advertising Expense			$ 160.00
Credit Card Expense			$ 2,078.66
Benefits Expense			$ 1,396.50
Supplies Expense			$ 44.00
Cost of Goods Sold			$ 9,476.50
Sales Revenue				$ 95,001.00
Contribution Revenue				$ 1,200.00
			$ 103,890.50	$ 103,890.50

Joe Schmoe Inc. Adjusted Trial Balance 31-May-18 Trial Balance Cash Prepaid Advertising Supplies Prepaid Insurance Equipment Leasehold Improvements Owner's Equity Accounts Payable Utilities Expense Salaries Expense Rent Expense Inventory Expense Insurance Expense Advertising Expense Credit Card Expense Benefits Expense Supplies Expense Cost of Goods Sold Sales Revenue Contribution Revenue DR CR $ 68,565.84 $ 990.00 $ 44.00 $ 900.00 $ 7,440.00 $ 990.00 $ 6,000.00 $ 1,689.50 $ 150.00 $ 9,975.00 $ 1,000.00 500.00 $ 180.00 160.00 $ 2,078.66 $ 1,396.50 $ 44.00 $ 9,476.50 $ 95,001.00 $ 1,200.00 $103,890.50 $ 103,890.50

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