I need I need the closing entries and income statement completed please based on the adjusted trial balance.

6 5 - o x E Income statement.pdf x + v = 0 a 0 file:///C:/Users/Meredith/Desktop/Income%20statement.pdf of lo - + Fit to width Page view | A Read aloud h Add notes o E se Peyton Approved Income Statement For Year Ending 12/31/2017 Bakery Sales Merchandise Sales Total Revenues Merchandise Cost of Goods Sold (FIFO) Baking Cost of Goods Sold Gross Profit Operating Expenses: Rent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Total Operating Expenses: Net Income PDF worksheet.pdf X + V - a x 6 a worksheet.pdf E 0 0 i oft lo file:///C:/Users/Meredith/Desktop/worksheet.pdf + - Fit to page OD Page view | A' Read aloud L Add notes o e l so Adjusting entries Debit Credit 137,400.00 2017 Unadjusted trial balance Debit Credit 64,713.72 165,250.00 25,750.00 7,500.00 2,400.00 17,000.00 3,285.72 10.000.00 2,000.00 2,300.00 1,600.00 30,401.00 10,000.00 Adjusted trial balance Debit Credit 64,713.72 27,850.00 25,750.00 7,500.00 400.00 17,000.00 5,928.58 10,000.00 4,000.00 2,300.00 2,000.00 2,642.86 2,000.00 1,350.00 250.00 30,401.00 1,468.75 27,325.00 22,800.00 Account Cash Baking Supplies Merchandise Inventory (FIFO) Prepaid Rent Prepaid Insurance Baking Equipment Accumulated Depreciation Leasehold Improvements Accumulated Amortization Trademark Office Supplies Accounts Receivable Notes Payable Interest Payable Accounts Payable Wages Payable Loans Payable Common Stock Dividends Bakery Sales Merchandise Sales Baking Cost of Goods Sold Rent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Misc. Expense Office Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Merchandise COGS (FIFO) 10,000.00 1,468.75 27,325.00 22,800.00 21,000.00 30,000.00 21,000.00 30,000.00 20,000.00 20,000.00 335,675.00 35,200.00 335,675.00 35,200.00 137,400.00 90,000.00 1,468.75 2,000.00 2,642.86 2,000.00 2,780.00 137,400.00 90,000.00 1,468.75 2,000.00 2,642.86 2,000.00 2.780.00 1,350.00 375.00 5,200.00 22,800.00 3,456.00 15,760.00 1.350.00 375.00 5,200.00 22,800.00 3,456.00 15,760.00 ITotal 464,485.72 464,485.72 169,661.61 169,661.61 493,397.33 493 397.33 - o X = closing 1 18.pdf 0 0 E x + V file:///C:/Users/Meredith/Desktop/closing%201%2018.pdf - + q r Fit to width 1 of 10 D Page view | ARead aloud L Add notes 6 Peyton Approved Closing Entries For Year Ending 12/31/2017 Date Credit Accounts 31-Deal Bakery Sales Merchandise Sales Income Summary Debit 3370015001 36,200.00 370676.00 31-Declincome Summary Baking Cost of Goods Sold TRent Expense Interest Expense Insurance Expense Depreciation Expense Amortization Expense Mise Expense JOffice Supplies Expense Business License Expense Advertising Expense Wages Expense Telephone Expense Merchandise Cost of Goods Sold FIFO) 31-Deg Income Summary Retained Earnings 137,400.00 90.000,00 1,468.75 2,000.00 2,642.86 2,000.00 2,780.00 1.100,00 375.00 5,200.00 22,800.00 3,466.00 15,760.00 370,875,00 370.875.00 31-Dec Retained Earnings Dividends 20,000.00 1.048,082.61 741,750.00