ADJUSTED TRIAL BALANCE DECEMBER 31, 2018 Cash. .......... Accounts receivable....... Prepaid studio rent......... Unexpired insurance........ Supplies ........... Equipment Accumulated depreciation: equipment... Notes payable Accounts payable .......... Salaries payable ................ Income taxes payable......... Unearned studio revenue.. $171,100 9,400 3,000 7,200 500 18,000 $ 7.200 10,000 3,200 4,000 6,000 8,800 100,000 40,000 Capital stock 6,000 165.000 Retained earnings............. Dividends ............... Studio revenue earned......... Salary expense .......... Suply expense.......... Rent expense................... Insurance expense ................. Advertising expense............... Depreciation expense: equipment........ Interest expense.............. Income taxes expense.............. 85,000 3,900 12.000 1,900 500 1,800 900 23,000 $344,200 $344,200 Instructions a. Prepare an income statement and statement of retained earnings for the year ended December 31, 2018. Also prepare the studio's balance sheet dated December 31, 2018 b. Prepare the necessary closing entries at December 31, 2018. c. Prepare an after-closing trial balance dated December 31, 2018