ate the income statement, statement of retained earnings, and balance sheet of Imagine Inc. using the information provided below their year-end is December 31, 2021. Debit Credit 16,500.00 29,600.00 20,000.00 32,000.00 50,000.00 Account Accounts payable Accounts receivable Accumulated depreciation Cash Common Shares Depreciation expense Fixed Assets Interest expense Inventory Long-term Debt Parts Revenue Prepaid expenses Rent expense Retained Earnings Salaries expense Salaries payable Service Revenue Supplies expense Utilities Expense 10,000.00 140,000.00 3,500.00 14,600.00 60,000.00 17,500.00 8,800.00 12,000.00 13,400.00 30,600.00 13,100.00 112,500.00 14,400.00 7,500.00 Retained Earnings Salaries expense Salaries payable Service Revenue Supplies expense Utilities Expense 13,400.00 30,600.00 13,100.00 112,500.00 14,400.00 7,500.00 303,000.00 303,000.00 Income Statement Imagine Inc. Revenues . Total Revenue (Calculate) Expenses: Income Statement Imagine Inc 4 Revenues . e Total Revenue (Calculate) Expenses: . . > a 4 Total Expenses (Calculate) Net Income (Calculate) Statement of Retained Earnings Imagine Inc. . Plus: Net Income (Net Loss) (Calculate) Retained Earnings, Ending (Calculate) Balance Sheet Imagine Inc. Assets Current Assets . Total Current Assets (Calculate) Long-Term Assets . . Fixed Assets, Carrying Value (Calculate) Total Assets (Calculate) Liabilities and Shareholder Equity Current Liabilities . . Total Current Liabilities (Calculate) Long-Term Liabilities Total Liabilities (Calculate) Shareholder Equity Retained annis calculate Shareholder Equity Retained Earnings (Calculate) Total Shareholder Equity (Calculate) Total Liabilities and Shareholder Equity (Calculate) Prepare the closing entry based on the trial balance information to close out all temporary accounts Note: Make your two entries in the following order: Revenues, Expenses Enter all Debited accounts before credited accounts in each entry Arrange accounts in alphabetical order Account Debit Credit