For the past several years, Aaron Jones has operated a consulting business from his home on a part-time basis. As of December 1, 20X1, Aaron decided to move to rented quarters and incorporate his business as Progress Consulting Inc. Progress Consulting entered into the following transactions during December: 1st Aaron Jones invested the following assets in the business: cash, $50,000; supplies, $10,000; and office equipment, $30,000. Mr. Jones received stock in an amount equal to his investment in the corporation. 2nd Paid $9,000 for rent for December 20X1 through February 28, 20X2. 3rd Paid $12,000 for a one year premium on property and casualty insurance. The policy covers the period December 1, 20X1 to November 30, 20X2. 4th Received $16,000 cash from a client as an advance payment for services to be performed in the future. 5th Purchased additional office equipment on account from Payne Company for $10,000. 10th Paid $7,500 for a newspaper advertisement that ran in todays paper. 11th Paid Payne Company $3,000 for part of the debt incurred on December 5. 12th Billed clients for services performed on account, $5,800. 17th Received cash payment from client for services performed on this date, $14,000. 18th Paid $6,000 for supplies. 20th Billed clients for services performed on account, $15,000. 24th Received cash payment from client for services performed on this date, $2,000. 25th Received cash from clients as payment on account, $3,000. 30th Paid $750 for utilities for December. 31st Paid cash dividend of $5,000 Journalize each of the above transactions. Post theses Journal entries to the ledger.Prepare an unadjusted trial balance as of December 31, 20X1. Journalize and post the adjusting entries using the following information: a. Insurance expired during December is $1,000 Supplies on hand on December 31 are valued at $4,500. Depreciation of office equipment for December is $1,000. Rent expired during December is $3,000. Determined that the company had performed $4,000 of the services for which it was paid in advance on December 4th. f. Employee wages were left unpaid in the amount of $1,700 for the month of December. The employees will be paid the first week in January. Services were performed for a client on December 31 in the amount of $2,100. The client did not pay, nor has the client been billed. (hint: this transaction has not yet been journalized.) Prepare an adjusted trial balance. Using the adjusted trial balance, prepare an income statement, a statement of retained earnings, and a balance sheet. Journalize and post the closing entries.Prepare a post-closing trial balance. ****I need help with the statement of retained earnings, balance sheet and post closing trial balance