For the Year Ended October 31, 2019 Adjusted Trial Balance Account Title Dr. Cr. Cash Accounts Receivable $13,320 28,990 4,530 9,780 103,000 371,000 120,700 268,000 Supplies Prepaid Insurance Land Buildings Accumulated Depreciation-Buildings Equipment Accumulated Depreciation Equipment Accounts Payable Salaries Payable Unearned Rent Common Stock Retained Earnings Dividends 157,200 34,290 3,400 1,540 154,000 286,720 25,700 Service Fees 489,010 5,160 Rent Revenue Salaries Expense Depreciation Expense-Equipment Rent Expense Supplies Expense Utilities Expense Depreciation Expense-Buildings Repairs Expense Insurance Expense Miscellaneous Expense 350,580 19,000 15,900 11,280 10,190 6,800 5,620 3,080 5,250 1,252,020 1,252,020 1. Prepare an income statement. The Gorman Group Income Statement For the Year Ended October 31, 2049 Revenues: Total revenues Expenses: $ Total expenses Prepare a statement of stockholders' equity. During the year, no additional Common stock was issued. If an amount box does not require an entry, leave it blank. If a Net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. The Gorman Group Statement of Stockholders' Equity For the Year Ended October 31, 2049 Common stock Retained earnings Total $ Prepare a balance sheet. The Gorman Group Balance Sheet October 31, 2019 Assets Liabilities Current assets: Current liabilities: Total liabilities Total current assets Property, plant, and equipment: Stockholders' Equity Total property, plant, and equipment Total stockholders' equity Total assets Total liabilities and stockholders' equity 2. Journalize the entries that were required to close the accounts at October 31. If an amount box does not require an entry, leave it blank. Date Account Debit Credit 2079 Oct. 31 12049 Oct. 31 3. If the balance of Retained earnings had instead increased $36,000 after the closing entries were posted, and the dividends remained the same, what would have been the amount of Net income or Net loss? Enter all amounts as positive numbers. $