Financial Statements and Closing Entries The adjusted trial balance shown below is for Fine Consulting Service as of December 31 . Byran Fine made no capital contributions during the year FINE CONSULTING SERVICE Adjusted Trial Balance December 31 Accounts Receivable Supplies Prepaid lnsu rance Equipment Accum. Depr. , Equipment $1.080 Accounts Payable 845 Long 7 Term Notes Payable 7.000 Common Stock 3,000 Retained Earnings Dividends Service Fees Earned Rent Expense Salaries Expense Supplies Expense Insurance Expense Depreciation ExpenserEquipment Interest Expense Totals $79,530 $79,530 Required a. Prepare an income statement and a statement of stockholders' equity for the year, and a balance sheet as of December 31. b. Prepare closing entries directly to Retained Earnings in generaljournal forms Income Statement Statement of Stockholders Equity Balance Sheet Journal Entries FINE CONSULTING SERVICE Statement of Stockholders' Equity For Year Ended December 31 Common Stock Retained Earnings BalanceJanuaryT Add: Net Income Less: Dividends paid (enter as a negative) Balance, December 31