E3-13. (Closing Entries) (LO 5, 6) The adjusted trial balance of Lopez Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $800,000, Delivery Expense $12,000, Sales Returns and Allowances $24,000, and Sales Discounts $15,000. Instructions (a) Prepare the revenues section of the income statement. (b) Prepare separate closing entries for (1) sales and (2) the contra accounts to sales. E3-11. (Prepare Financial Statements) (LO 4) The adjusted trial balance of Anderson Cooper Co. as of December 31, 2017 contains the following. ANDERSON COOPER Co. ADJUSTED TRIAL BALANCE DECEMBER 31, 2017 $19,472 6,920 2,280 18,050 Cash Accounts Receivable Prepaid Rent Equipment Accumulated Depreciation-Equipment Notes Payable Accounts Payable Common Stock Retained Earnings Dividends Service Revenue Salaries and Wages Expense Rent Expense Depreciation Expense $ 4,895 5,700 5,472 20,000 11,310 3,000 11,590 6,840 2,260 145 83 Interest Expense Interest Payable 83 $59,050 $59,050 Instructions (a) Prepare an income statement. (b) Prepare a statement of retained earnings (e) Prepare a classified balance sheet