Intel Corp.'s Trial Balance as of December 31, 2023:

Account Title	Debit ($)	Credit ($)
Cash	120,000
Accounts Receivable	95,000
Inventory	160,000
Equipment	250,000
Accumulated Depreciation		50,000
Accounts Payable		85,000
Notes Payable		105,000
Common Stock		170,000
Retained Earnings		120,000
Sales Revenue		380,000
Salaries Expense	90,000
Rent Expense	65,000
Utilities Expense	40,000
Insurance Expense	55,000
Dividends	60,000

Requirements:

1. Prepare the adjusted trial balance for Intel Corp.
2. Prepare the income statement for the year ended December 31, 2023.
3. Prepare the statement of retained earnings for the year ended December 31, 2023.
4. Prepare the balance sheet as of December 31, 2023.
5. Identify any discrepancies and explain how they should be rectified.