Instructions Turtle Company has prepared the following adjusted trial balance for the year onded December 31, 2019: Turtle Company ADJUSTED TRIAL BALANCE December 31, 2019 ACCOUNT TITLE DERIT CREDIT 1 Cash 1.700.00 2 Accounts Receivable 2,200.00 Inventory 1,800.00 5,400.00 1.700.00 Equipment 5 Accumulated Depreciation Accounts Payable Salaries Payable 2,200.00 300.00 Insurucuons 660.00 3,200.00 3 Income Taxes Payable Common Stock (400 shares) 50 Retained Earnings 11 Dividends 1,700.00 200.00 12 Sales Revenue 8,500.00 13 Cost of Goods Sold 3,900.00 14 Selling Expenses 1,800.00 15 Administrative Expenses 600.00 16 Income Tax Expense 660.00 > 11 Totals 18,260.00 18,260.00 Required: For 2018, prepare in proper form: (1) an income statement, (2) a retained earnings statement (3) an ending balance sheet, and (4) closing an Chart of Accounts ASSETS REVENUE 411 Sales Revenue 111 Cash 121 Accounts Receivable 141 Inventory 183 Equipment 189 Accumulated Depreciation EXPENSES 510 Cost of Goods Sold 624 Selling Expenses 699 Administrative Expenses 910 Income Tax Expense LIABILITIES 211 Accounts Payable 230 Salaries Payable 261 Income Taxes Payable EQUITY 311 Common Stock 331 Retained Earnings 351 Dividends 391 Income Summary