Learning Objectives P-F:4-29A Preparing financial statements including a classified balance sheet in report form, preparing and posting closing entries, and preparing a post-closing trial balance The adjusted trial balance of Erickson Real Estate Appraisal at June 30, 2024, follows: 1. Net Loss $(9,500) I ERICKSON REAL ESTATE APPRAISAL Adjusted Trial Balance June 30, 2024 Balance Account Title Debit Credit Cash $ 4,600 Accounts Receivable 5,300 Office Supplies 1,500 Prepaid Insurance 1,700 Land 13,000 Building 82,000 Accumulated Depreciation-Building $ 25,200 Accounts Payable 18,700 Interest Payable 8,500 Salaries Payable 2,400 Unearned Revenue 7,600 Notes Payable (long-term) 40,000 Common Stock 3,000 Retained Earnings 39,500 Dividends 27,300 Service Revenue 48,100 Insurance Expense 4,400 Salaries Expense 33,500 2,400 7,600 40,000 3,000 39,500 27,300 48,100 Salaries Payable Unearned Revenue Notes Payable (long-term) Common Stock Retained Earnings Dividends Service Revenue Insurance Expense Salaries Expense Supplies Expense Interest Expense Utilities Expense Depreciation Expense-Building Total 4,400 33,500 300 8,500 2,700 8,200 $ 193,000 $ 193,000 Requirements 1. Prepare the company's income statement for the year ended June 30, 2024. 2. Prepare the company's statement of retained earnings for the year ended June 30, 2024. 3. Prepare the company's classified balance sheet in report form at June 30, 2024. 4. Journalize the closing entries. 5. Open the T-accounts using the balances from the adjusted trial balance and post the closing entries to the T-accounts. 6. Prepare the company's post-closing trial balance at June 30, 2024