3 This assignment continues Critical Thinking Assignment #1 on Cody Mountain Sports (CMS). 4 CMS completed the following adjusting transactions during March of 2021: 5 6 Mar. 31 Accrued Wages Expense of $2,000 7 Mar. 31~ One month of prepaid insurance has expired. 8 9 Requirements: 10 13 2. Prepare an adjusted trial balance as of March 31st, 2021. 14 3. Prepare an income statement for CMS as of March 31st, 2021. 15 4. Prepare a statement of retained earnings for CMS for the month ended March 31st, 2021. 16 5. Prepare a balance sheet for CMS for the month ended March 31st, 2021. 17 6. Journalize all closing entries and post to the t-accounts. 18 7. Prepare a post-closing trial balance as of March 31st, 2021. 19 20 21