Boulder Corporation, a ski tuning and repair shop, opened November 1, 2017. The company carefully kept track of all its cash receipts and cash payments. The following information is available at the end of the ski season, April 30, 2018. Issue of common shares Cash Receipts Cash Payments $21,000 Payment for repair equipment Rent payments $9,280 1.190 Newspaper advertising payment 360 Utility bills payments 930 Part-time helper's salary payments 2,710 Income tax payment 11,000 Cash receipts from ski and snowboard repair services 34,540 Subtotals 55,540 25,470 Cash balance 30,070 Totals $55,540 $55,540 You learn that the repair equipment has an estimated useful life of 5 years. The company rents space at a cost of $170 per month on a one-year lease. The lease contract requires payment of the first and last months' rent in advance, which was done. The part-time helper is owed $430 at April 30, 2018, for unpaid salaries. At April 30, 2018, customers owe Boulder Corporation $320 for services they have received but have not yet paid for. Using T-accounts, calculate the amounts that would be reported on an accrual basis for each of the following: Accounts Receivable, Accumulated Depreciation-Equipment, Advertising Expense, Cash, Common Shares, Depreciation Expense, Equipment, Income Tax Expense, Prepaid Rent, Rent Expense, Salaries Expense, Salaries Payable, Service Revenue, and Utilities Expense. Based on the balances determined for the above accounts, calculate the amount for Retained Earnings. Accounts Receivable 320 Accumulated Depreciation-Equipment $ 928 Advertising Expense Cash 30,070 Common Shares $ 21,000 Depreciation Expense $ 928 Equipment $ Income Tax Expense $ Prepaid Rent VA $ 340 Rent Expense Salaries Expense iA 1020 Advertising Expense Cash Common Shares tA tA $ +A +A 69 30,070 59 21,000 Depreciation Expense Equipment Income Tax Expense Prepaid Rent Rent Expense Salaries Expense Salaries Payable Service Revenue Utilities Expense Retained earnings SA 928 340 1020 GA 69 GA A 430