C) The company Mediaset has the below trial balance by December 31st 2019. 1.- Prepare closing entries in general journal format. (20 points) 2.- Prepare an Income Statement. (10 points) 3.- Prepare a Balance Sheet. (10 points) 4.- Prepare a Statement of retained earnings (10 points)

Trial Balance Company Mediaset. December 31st 2020 Cash 25.369 Store (Buildings) 666.999 Office Furniture 44.555 Inventories 576.366 Unexpired insurance 20.000 Capital Stock 234.567 Retained Earnings 567.765 Note Payable 244.000 Acc. Payable 100.890 Tax Payable 5.000 Acc. Depreciation 26.733 Acc Depreciation store 166.750 Dividend 12.000 Sales 1.050.989 COGS 996.182 Consulting expenses 1.200 Insurance expenses 1.000 Salary expenses 6.000 Utility expenses 4.900 Depreciation expense 8.911 Store depreciation expense 33.350 Tax expense -138 TOTAL 2.396.693 2.396.694