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.
Definitions:
Telematics
Technology of sending, receiving, and storing information via telecommunication devices to control remote objects, commonly used for vehicle tracking, fleet management, and insurance.
Employee Privacy
The rights of employees to have personal information, activities, and communications kept confidential from unauthorized disclosure or monitoring within the workplace.
Monitor
To observe, keep track of, or check for a specific purpose, often for progress or compliance.
Technology
The application of scientific knowledge for practical purposes, especially in industry.
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