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 Cash Accounts Receivable 3.270 Supplies 5.060 Prepaid Insurance 1.500 Equipment 6.400 Accum. Depr. , Equipment $1.080 Accounts Payable 345 Long , Term Notes Payable 7,000 Common Stock 3,000 Retained Earnings 5,205 Dividends Service Fees Earned 62,400 Rent Expense Salaries Expense Supplies Expense Insurance Expense Depreciation ExpenseiEquipmenl Interest Expense $79,530 $79,530 Required at 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 form' Income Statement Statement of Stockholders Equity Balance Sheet Journal Entries NOTE: Do not use negative signs with answers, unless othenNise noted (such as dividends, accumulated depreciation). FINE CONSULTING SERVICE Income Statement For Year Ended December 31 Revenue Service Fees Earned Expenses Rent Expense Salaries Expense Supplies Expense _ Insurance Expense Depreciation Expense-Equipment Interest Expense Total Expenses Net Income