Data table The adjusted trial balance of Erickson Real Estate Appraisal at June $30,2024,$ follows:

$($Click the icon to view the adjusted trial balance.$)$

Read the requirements.

Requirement $2.$ Prepare the company's statement of retained earnings for the year ended June $30,2024.($Use a minus sign or parentheses to show a net loss.$)$

Erickson Real Estate Appraisal

Statement of Retained Earnings

Year Ended June $30,2024$

Retained Earnings, July $1,2023$

Retained Earnings, June $30,2024$

Requirement $3.$ Prepare the company's classified balance sheet in report form at June $30,2024.($If a box is not used in the balance sheet, leave the box empty; do not select a label or enter a zero.$)$

Erickson Real Estate Appraisal

Balance Sheet

June $30,2024$

AssetsRequirement $4.$ Journalize the closing entries. $($Record debits first, then credits. Select the explanation on the last line of the journal entry table.$)$

Start by closing revenues.

Close expenses for the period.The adjusted trial balance of Erickson Real Estate Appraisal at June $30,2024,$ follows:

$($Click the icon to view the adjusted trial balance.$)$

Read the requirements. a net loss.$)$

Net income $($Loss$)$

Requirement $2.$ Prepare the company's statement of retained earnings for the year ended June $30,2024.($Use a minus sign or parentheses to show a net loss.$)$

Erickson Real Estate Appraisal