Based on the following trial balance for Barry's Automotive Shop, Inc., prepare an income statement, statement of retained earnings, and a balance sheet. Barry made no additional investments in the company during the year. 
Definitions:
Identified to the Contract
A legal principle in sales law where specific goods are designated as the subject matter of a sales or lease contract.
Common Carrier
A business or service that offers to transport goods or individuals for a fee and is available to the public under license or authority of a regulatory body.
Contracting Parties
The entities or individuals who enter into a contractual agreement, each undertaking obligations to be fulfilled as per the contract terms.
Trucking Line
A company engaged in the business of transporting freight over long distances using trucks.
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