Below is a listing of the adjusted account balances at December 31, 2022 for Flounders Friends Limited: Consulting revenue Salary payable Prepaid insurance Insurance expense Accounts receivable Interest payable Accumulated depreciation - building Utilities expense Land Common shares Advertising expense Cash Accounts payable Salary expense Unused office supplies Interest expense Bank loan, long term Building Retained earnings Office supplies expense Dividends Depreciation expense $ Additional information: 926,000 12,000 2,400 7,200 45,900 500 7,500 11,800 50,000 10,000 45,000 87,350 29,800 720,000 1,200 6,000 120,000 150,000 55,300 10,500 20,000 3,750 Assume all account balances are their normal balances. (All assets are debit balances etc) - The company issued $5,000 in common shares during the year This is the company's second year of operations Required: A. Prepare the trial balance for Flounder's Friends for the year ended December 31, 2022. B. Prepare an income statement for the year ended December 31, 2022. C. Prepare the statement of changes in equity for the year ended December 31, 2022. D. Prepare the balance sheet as of December 31, 2022 for Flounder's Friends Limited. E. Based on the financial statements prepared did Flounder's Friends' retained earnings increase or decrease during the year?