The following information is taken from the trial balance of GlaxonSmith Supplies Ltd. at December 31, 2014, the company's year end. GlaxonSmith has a 15% tax rate. 
Instructions
Prepare the income statement and statement of retained earnings for GlaxonSmith for the year ended December 31, 2014.
Definitions:
Diagnosticians
Professionals skilled in identifying and determining the nature of diseases or disorders through examination and analysis.
Retardation
A dated and offensive term previously used to describe a delay in development or progress, especially in the context of intellectual disabilities.
Profoundly Gifted
Refers to individuals who have an IQ significantly above the average, often characterized by extraordinary abilities in one or more domains.
Mental Illness
A wide range of mental health conditions that affect mood, thinking, and behavior.
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