Listed below is the adjusted trial balance of Peanuts Company at the end of the year, December 31.

Dr Cr

Cash 85

Accounts receivable 40

Supplies 8

prepaid insurance 12

mechandise inventory 25

equiptment 300

accum.depr.equip 90 ( CR )

building 800

accum.depr.buildng 80 ( CR )

land 200

accounts payable 75 ( CR )

salaries payable 4 ( CR )

interest payable 6 ( CR )

long term notes payable 800 ( CR )

common stock 250 ( CR )

retained earnings 160 ( CR )

dividends declared 120

sales 900 ( CR )

sales returns allowances 25

sales discounts 15

cost of goods sold expense 559

selling expense 96

administrative expenses 75

Rent revenue 10 ( CR )

interest expense 15

total for DR - 2375. total for CR 2375

Any number with out ( CR ) is going to be DR

Complete the following amounts

A1. Income statement:

Net sales -

gross profit -

operating income -

net income -

2. Schedule of Cost of Goods Sold--assume Beginning Inventory is $30; Purchases are $801; Purchase Returns and Allowances are $210; Purchase Discounts are $122; and Freight-in is $85.

Beginning Inventory -

Cost of Goods Purchased- Cost of Goods Available for Sale- Ending Inventory- Cost of Goods Sold -

Statement of Retained Earnings:

Ending Retained Earnings -

4. Balance Sheet: Current Assets Plant Assets Total Assets

Current Liabilities -

Long-Term Liabilities -

Total Liabilities- Total Stockholders' Equity-

Total Liabilities -

Stockholders' Equity -

B .Prepare the necessary closing journal entries in the attached journal.

Date - Account titles - Dr - CR

( I couldnt attach the journal but its a basic accounting journals with columns for each one that I just listed )