Company GHI Trial Balance on March 31, 2023:

Account Title	Debit ($)	Credit ($)
Cash	45,000
Accounts Receivable	28,000
Inventory	35,000
Office Equipment	110,000
Accumulated Depreciation		30,000
Accounts Payable		18,000
Notes Payable		55,000
Common Stock		45,000
Retained Earnings		25,000
Service Revenue		85,000
Salaries Expense	20,000
Rent Expense	8,000
Utilities Expense	5,500
Insurance Expense	7,500
Dividends	16,000

Requirements:

1. Adjust the trial balance for GHI.
2. Prepare the income statement for the period ended March 31, 2023.
3. Create the statement of retained earnings for the same period.
4. Develop the balance sheet as of March 31, 2023.
5. Evaluate and explain any discrepancies found.