Given the adjusted trial balance for Destiny Inc.below as of December 31,2017 prepare the income statement and statement of retained earnings for the year ended December 31,2017.
Definitions:
Diaper Bag
A storage bag with multiple compartments designed specifically for carrying diapers, baby wipes, and other necessary items for taking care of a baby while outside the home.
Free Samples
Promotional items or small quantities of a product given for free to consumers to trial the item, hoping to encourage future purchases.
Sales Promotions
Marketing strategies aimed at stimulating consumer purchasing or dealer effectiveness, such as discounts, coupons, and demonstrations.
Sales Promotion Tools
Various marketing techniques aimed at increasing demand, stimulating sales, and attracting new customers, such as coupons, discounts, and contests.
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