Financial Statements and closino Entries The German Group is a financial planning services firm owned and operated by Nicole Gorman. As of October 31, 2019, the end of the fiscal year, the accountant for The Gorman Group prepared an end-of-period spreadsheet, part of which follow The Gorman Group End-of-Period Spreadsheet For the Year Ended October 31, 2019 Adjusted Trial Balance Account Title Dr. Cr. Cash $16,260 Kocounts Receivable 35,390 Supplies 5,530 Prepaid Insurance 11,940 and 126,000 Buildings 452,000 Accumulated Depreciation Buildings 147,300 Equipment 327,000 Accumulated Depreciation Equipment 191,900 Accounts Payable 41,860 Salaries Payable 4,150 Uneamed Rent 1,880 Common Stock 188,000 Retained Earnings 349,380 Pividends 31,400 Service Fees 596,960 Rent Revenue 0,300 Salaries Expense 427,970 Depreciation Expense-Equipment 23,200 Rent Expense 19,500 Supplies Expense 13,770 ilities Expense 12.440 Depreciation Expense Buildings 8,100 Repairs Expense 6,860 Insurance Expense 3,760 Miscellaneous Expense 6,410 1,577,730 1,527,730 Required: 1. Prepare an income statement. Required: Prepare a balance sheet the German G Balance Sheet October 11, 2009 Uabines Current Assets Current assets Total liabilities Property, plent, and equipment: Stockholders' Equity Total property, plant, and equipment Total stockholders equity Total assets Totallabies and stockholders culty . Journalte the entries that were required to close the accounts at October 31. an amount box does not require an entry, leave bank Date Dehit Credit 2079 Oct 3 2079 03 3. If the balance of retained earnings had instead increased 544,000 after the coming andles were posted, and the dividends remained the same, what would have been the amount of Metincemear Net Jous? Enteral amounts as posithe numbers