From Jade Company's adjusted trial balance in February 2022, prepare the following in Excel spreadsheets:

• Income Statement
• Closing Journal Entries
• Retained Earnings Statement
• Balance Sheet
• Post-Closing Trial Balance

*please include explanations, correct labels, and necessary formulas needed for further clarification

\begin{tabular}{|lrr|} \hline \multicolumn{3}{|c|}{ Adjusted Trial Balance } \\ \hline & \multicolumn{1}{|c|}{ Debit } & Credit \\ \hline Cash & $54,650 & \\ Accounts receivable & 28,750 & \\ Prepaid insurance & 8,000 & \\ Land & 22,000 & \\ Accounts payable & & $14,300 \\ Salaries payable & & 4,250 \\ Common stock & & 50,000 \\ Retained earnings & & 38,900 \\ Dividends & 36,000 & \\ Service revenue & & 257,350 \\ Insurance expense & 32,000 & \\ Salaries expense & 126,500 & \\ Miscellaneous expense & 56,900 & \\ & 364,800 & 364,800 \\ \hline \end{tabular}