Below is the adjusted trial balance for ARO Corporation. Complete the following in good form:

1. Income Statement

2. Statement of Retained Earnings

3. Balance Sheet

4. Closing journal entries.

ARO Corporation

Adjusted Trial Balance

December 31

Cas	$18,200
Accounts receivable	34,200
Office Supplies	2,100
Shipping Supplies	3,475
Prepaid Insurance	5,000
Shipping equipment	45,000
Accumulated depreciation		11,080
accounts payable		16,200
Wages payable		4,120
Unearned shipping fees		20,000
Common stock		10,000
Retained earnings		27,875
Dividends	15,000
Shipping fees earned		115,000
Rent expense	8,000
Wages expense	62,000
Supplies expense	2,500
Depreciation expense	4,050
Interest expense	1,000
Utilities expense	3,750
Totals	$204,275	$204,275