Accounting Cycle Review E 0-38 The adjusted trial balance for Blossom Company is given below: BLOSSOM COMPANY Trial Balance August 31, 2017 Before Adjustment After Adjustment Dr. Cr. Dr. Cr. Cash $11,340 $11,340 Accounts Receivable 9,180 9,850 Supplies 2,960 1,550 Prepaid Insurance 4,490 3,140 Equipment 16,560 16,560 Accumulated DepreciationEquipment $3,726 $4,926 Accounts Payable 5,880 5,880 Salaries and Wages Payable 0 1,890 Unearned Rent Revenue 1,880 950 Common Stock 11,100 11,100 Retained Earnings 5,430 5,430 Dividends 2,720 2,720 Service Revenue 33,300 33,970 Rent Revenue 13,660 14,590 Salaries and Wages Expense 16,710 18,600 Supplies Expense 0 1,410 Rent Expense 11,016 11,016 Insurance Expense 0 1,350 Depreciation Expense 0 1,200 $74,976 $74,976 $78,736 $78,736 Prepare the income statement for the year ended August 31. BLOSSOM COMPANY Income Statement $ $ $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the retained earnings statements for the year ended August 31. (List items that increase retained earnings first.) BLOSSOM COMPANY Retained Earnings Statement $ : : $ SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the classified balance sheet at August 31. (List Current Assets in order of liquidity.) BLOSSOM COMPANY Balance Sheet Assets $ $ : $ Liabilities and Stockholders' Equity $ $ $