Company MNO Trial Balance as of April 30, 2023:

Account Title	Debit ($)	Credit ($)
Cash	35,000
Accounts Receivable	22,000
Inventory	30,000
Office Equipment	105,000
Accumulated Depreciation		20,000
Accounts Payable		17,000
Notes Payable		45,000
Common Stock		40,000
Retained Earnings		28,000
Service Revenue		75,000
Salaries Expense	18,000
Rent Expense	7,000
Utilities Expense	3,500
Insurance Expense	5,000
Dividends	10,000

Requirements:

1. Adjust the trial balance for MNO.
2. Prepare the income statement for the period ended April 30, 2023.
3. Create the statement of retained earnings for the same period.
4. Develop the balance sheet as of April 30, 2023.
5. Evaluate and explain any discrepancies found.