Following are the 2016 post closing trial balance and income statement for Foster & Co. Foster & Co Post Closing Trial Balance April 30, 2016 Debit Credit Cash 32,000 Investments 198,000 Accounts Receivable 215,000 Interest Receivable 297 Rent Receivable 6,000 43,150 Inventory 11,000 Prepaid Insurance Prepaid Rent 30,000 35,000 Supplies 703,450 Plant and Equipment, Net 149,000 Accounts Payable 75,000 Unearned Revenue wage Payable 4,200 Interest Payable 540 94,104 Income Tax Payable Notes Payable 72,000 Common Stock 200,000 Additional Paid-in capital 300,000 Retained Earnings 379.053 Total $1,273,897 $1,273,897