Financial Statements and Closing Entries The Gorman Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2018, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follows: The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2018 Adjusted Trial Balance Account Title Cash Dr. Cr. $15,050 Accounts Receivable 32,770 Supplies 5,120 Prepaid Insurance 11,060 Land 116,000 Buildings 419,000 Accumulated Depreciation-Buildings 136,400 Equipment 303,000 Accumulated Depreciation-Equipment 177,700 Accounts Payable 38,760 3,840 Salaries Payable Unearned Rent Common Stock Retained Earnings Dividends 1,740 174,000 323,580 29,100 5.00 D