Account Name Debit Credit Cash $35,000 Accounts Receivable 5,600 21,000 Food Inventory Merchandise Inventory 62,500 Prepaids 3,400 Computers 30,000 Accumulated Amortization - Computers 12,000 90,000 Bakery Equipment Accumulated Amortization - Bakery Equipment 18,000 150,000 15,000 Furniture and Fixtures Accumulated Amortization - Furniture and Fixtures Accounts Payable Accrued Liabilities 18,000 Interest Payable Dividend Payable Long-term Loan 220,000 Common Shares 50,000 Radwal Assignment Common Shares 50,000 zo Alaimo Retained Earnings 22,000 Food Revenue 468,500 Internet Revenue 127,000 103,000 240,000 54,000 Merchandise Revenue Food Expense Internet Expense Electricity Expense Telephone Expense Interest Expense Salary Expense 65,000 20,000 0 200,000 Insurance Expense 9,000 8,000 Supplies Expense Depreciation Expense 60,000 Rent Expense 1,053,500 1,053,500 Based on the information you have prepare the adjusting journal entries, an adjusting trial balance, the statement of earnings (income statement), statement of financial position (balance sheet and statement of retained earnings. After you have completed the statements, prepare the closing journal entries and the posting closing trial balance. Ensure you show all of your work, and prepare proper journal entries and properly formatted financial statements. Note to students: Issues are hidden within the case. It is your responsibility to read the case facts and identify the critical issues required for discussion and analysis