E3-11 Worksheet for Service Company Whitaker Consulting Company has prepared a trial balance on the following partially completed worksheet for the year ended December 31, 2016: B D E F G J K LO 3.6 LO 3.8 H Retained Earinge Statement Debit Credit Income Statement Debit Credit Adustments Debit Credit Balance Sheet Debat Credit 21 19 14 Accounts 5 Cash Prepaid Rent ZAO ice Equipment Accumulated Deprecation Note Payable de 7/11/17 101 Common Stock 200 11 Betained Earnings (1/10 Dvidends 13 Consulting Revenues 145 Miscellaneous Experts 16 Touth 17 Trial Balance Debe Credit 3.800 3.400 7000 1,400 2000 4.000 1.200 200 2.100 2500 200 16.200 16200 Additional information: (a) On January 1, 2016, the company had paid 2 years' rent in advance at $100 a month for office space, (b) the office equipment is being depreciated on a straight-line basis over a 10-year life, and no residual value is expected, (c) interest of $150 has accrued on the note payable but has not been paid, and (d) the income tax rate is 30% on current income and will be paid in the first quarter of 2017. Required: 1. Complete the worksheet. 2. Prepare financial statements for 2016