1. The adjusted trial balance for Molina Company is presented below (5 Points) MOLINA COMPANY Adjusted Trial Balance July 31, 2015 No. Account Titles 101 Cash 112 Accounts Receivable 157 Equipment 167 Accumulated Depreciation-Equip. 201 Accounts Payable 208 Unearned Rent Revenue 311 Common Stock 320 Retained Earnings 332 Dividends 400 Service Revenue 429 Rent Revenue 711 Depreciation Expense 726 Salaries and Wages Expense 732 Utilities Expense Debits Credits $18,000 9,000 26,000 $ 8,000 5,500 2,000 22,000 27,500 17,000 69,000 11,000 5,000 60,000 10,000 $145,000 5145,000 Molina made an error during year when they debited Utilities Expense for $2,000 instead of Equipment for a cash purchase of equipment. In addition, Molina failed to accrue $4,000 of Service Revenue Instructions (a) Prepare an income statement and a retained earnings statement for the year. (b) Prepare a classified balance sheet at July 31