Delta Corporation provides the following information at the end of its first year of operations, December 31, 2020:

Cash: $2,000

Accounts Receivable: $1,500

Prepaid Insurance: $300

Equipment: $6,000

Accumulated Depreciation: $600

Accounts Payable: $1,200

Salaries Payable: $400

Common Stock: $3,000

Retained Earnings: $4,600

Service Revenue: $12,000

Salaries Expense: $4,500

Rent Expense: $1,200

Utilities Expense: $700

Supplies Expense: $300

Required:

Prepare a Trial Balance at December 31, 2020.

Prepare an Income Statement for the year ended December 31, 2020.

Prepare a Statement of Changes in Equity for the year ended December 31, 2020.

Prepare a Balance Sheet at December 31, 2020.

Prepare a Post-Closing Trial Balance at December 31, 2020.