5. Prepare a statement of retained earnings (from the adjusted trial balance in part 3) for the three months ended March 31, 2020. BUSINESS SOLUTIONS Statement of Retained Earnings For Three Months Ended March 31, 2020 Retained earnings, Dec. 31, 2019 0 $ 0 Retained earnings, March 31, 2020 w 3. Prepare a 6-column work sheet that includes the unadjusted trial balance, the March 31 adjustments (a) through (g), and the adjusted trial balance. Do not prepare closing entries and do not journalize the adjustments or post them to the ledger. Answer is complete and correct. BUSINESS SOLUTIONS Partial Work Sheet March 31, 2020 Unadjusted Trial Balance Adjustments Adjusted Trial Balance No. Account Title Dr. Cr. Dr. Cr. Dr. Cr. 101 68,057 68,057 106.1 Cash Alex's Engineering Co. Wildcat Services 106.2 2,800 2,800 106.3 9,047 Easy Leasing IFM Co. 9,047 106.4 5,220 5,220 106.5 Liu Corp. 106.6 Gomez Co. 106.7 Delta Co. 106.8 5,800 5,800 106.9 119 846 142 704 126 1,305 2,005 3,310 1,665 128 555 1,110 131 3,300 2,475 825 KC, Inc. Dream, Inc. Merchandise inventory Computer supplies Prepaid insurance Prepaid rent Office equipment Accumulated depreciation Office equipment Computer equipment Accumulated depreciation-Computer equipment Accounts payable Wages payable 163 8,000 8,000 164 400 400 800 167 20,000 20,000 168 1,250 1,250 2,500 201 210 875 875 236 307 98,000 7,360 98,000 7,360 318 Unearned computer services revenue Common stock Retained earnings Dividends Computer services revenue Sales 319 4,800 4,800 403 25,307 25,307 19,240 413 19,240 1414 Sales returns and allowances 500 500 415 Sales discounts 47 47 502 13,910 142 14,052 612 400 400 613 1,250 1,250 3,250 623 2.375 875 Cost of goods sold Depreciation expense-Office equipment Depreciation expense Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense 637 555 555 640 2,475 1,305 2,475 1,305 652 655 600 600 612 400 400 613 1,250 1,250 3,250 623 2,375 875 637 555 555 640 2,475 Depreciation expense Office equipment Depreciation expense Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense Mileage expense Miscellaneous expenses Repairs expense-Computer Totals 2,475 1,305 652 1,305 655 600 600 676 320 320 677 684 960 960 151,557 151,557 7,002 7,002 154,082 154,082