20. Marmon Farms Inc. has the following adjusted trial balance: Marmon Farms Inc.. Adjusted Trial Balance December 31, 2019 Debit Credit 49,180 32,500 490,250 9,200 Mortgage Payable Accounts Receivable Sales Revenue Unearned Service Revenue Officre Supplies Prepaid Wage Expense Insurance Expense Inventory Dividends Buildings Land Retained Earnings Salaries Expense Administrative Expense Machinery and Equipment Capital Stock Cost of Goods Sold Cash Note Payable Income Tax Expense 4,000 8,000 16,000 74,580 24,000 100,000 20,000 66,500 105,000 18,000 30,000 150,000 277,400 60,000 28,200 23,850 $793.330 $793.330 1. Prepare the necessary Closing Journal Entries based on the trial balance above. Please use separate sheets of paper provided when preparing these statements. 2. Prepare the Year-End 2019 Financial Statements for Marmon Farms Inc. in Proper Form: An Income Statement, Statement of Retained Earnings and Balance Sheet are required