Instructions: Below is the adjusted trial balance for Central Advertising Inc. (1) Prepare an Income Statement, Statement of Retained Earnings, and a Balance Sheet. (2) Then prepare closing entries, post them to t-accounts, and prepare a post-closing trial balance. Central Advertising Inc. Adjusted Trial Balance August 31, 20xx Income Statement $19075 4750 1250 700 8000 $ 200 600 2000 Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accumulated Depe Accounts Payable Unearned Revenue Interest Payable Notes Payable Common Stock Retained Eamings Dividends Advertising Revenue Depreciation Expense Insurance Expense Interest Expense Supplies Expense Usity Expense Totals 50 5000 13000 0 2000 17750 250 100 1025 Statement of Retained Earnings General Journal PR Debit Balance Sheet Date Account Credit Cash Accounts Receivable $4750 Prepaid Insurance $19075 $1250 Advertising Supplies $700 Equipment $8000 Accum Depr - Equip $200 Accounts Payable $500 Uneamed Revenue $2000 Interest Payable Notes Payable $50,00 Common Stock $13000 Retained Earnings Dividends Advertising Revenue $117750 $2000 Depreciation Expense $200 Insurance Expense $250 Interest Expense $50 Supplies Expense $1300 Utility Expense $1025