9 The adjusted trial balance for Happ Company follows. Adjusted Trial Balance December 31 Number Account Title Accounts receivable Accumulated depreciation-Trucks 101 Cash 106 43:02 153 Trucks 154 183 Land 201 209 233 307 318 319 401 611 Accounts payable Salaries payable Unearned revenue Common stock Retained earnings Dividends Plumbing revenue Depreciation expense-Trucks 622 Salaries expense 640 Rent expense Totals Debit $ 7,100 31,027 Credit 41,500 $ 16,683 30,000 16,543 3,784 3,1841 17,000 49,913 15,099 61,000 5,561 28,548 9,272 $ 168,107 $168,107 a. Use the adjusted trial balance to prepare the December 31 year-end income statement. b. Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings acco balance was $49,913 on December 31 of the prior year. c. Use the adjusted trial balance to prepare the December 31 year-end balance sheet. Complete this question by entering your answers in the tabs below. 30 Complete this question by entering your answers in the tabs below. Required A Required B Required C Use the adjusted trial balance to prepare the December 31 year-end income statement. HAPP COMPANY Income Statement For Year Ended December 31 Revenues Plumbing revenue $ 61,000 Expenses Depreciation expense-Trucks 5,561 Salaries expense 28,548 Rent expense 9,272 Total expenses Net income 43,381 17,619 Respised A Required B > 42.19 Complete this question by entering your answers in the tabs below. Required A Required B Required C Use the adjusted trial balance to prepare the December 31 year-end statement of retained earnings. The Retained earnings account balance was $49,913 on December 31 of the prior year. HAPP COMPANY Statement of Retained Earnings For Year Ended December 31 Retained earnings, December 31 prior year $ 49,913 Add: Net income 17,619 67,532 Less: Dividends 15,099 Retained earnings, December 31 current year $ 52,433 < Required A Required C > Ck Study Quiz i 2 Cash Accounts receivable Total assets Accounts payable Salaries payable Unearned revenue Total liabilities Common stock Retained earnings Total equity Total liabilities and equity Balance Sheet December 31 Assets $ 7,100 31,027 IA 38,127 Liabilities $ 16,543 3,784 3,184 S 23,511 17,000 49,913 66,913 EA $ 90,424 Saved