Mackenzie Inc. uses a perpetual inventory December 31, 2019 a perpetual inventory system and has prepared the following adjusted trial balance on Mackenzie Inc. ADJUSTED TRIAL BALANCE December 31, 2019 ACCOUNT TITLE CREDIT I Cash DEBIT 2,000.00 2,700.00 2 Accounts Receivable 3 Allowance for Doubtful Accounts 250.00 4 Inventory 6,500.00 5 Prepaid Insurance 800.00 6 Land 5,200.00 7 Buildings and Equipment 31.000.00 & Accumulated Depreciation 15,000.00 3,100.00 9 Accounts Payable 420.00 10 Salaries Payable 11 Unearned Rent 12 Income Taxes Payable 360.00 2,625.00 5,000.00 750.00 13 Note Payable 14 Interest Payable 15 Common Stock 9,000.00 6,770.00 16 Retained Earnings 17 Dividends 1,200.00 18 Income Summary 19 Sales Revenue 30,900.00 1.440.00 20 Rent Revenue 21 Cost of Goods Sold 15,040.00 4,800.00 22 Selling Expenses 23 Administrative Expenses 3,000.00 24 Interest Expense 750.00 25 Income Tax Expense 2.625.00 75.615.00 75,615.00 26 Totals For classification purposes: Note payable is due July 1, 2023 Interest payable is due July 1, 2023 Common Stock (1,500 shares) Required: Prepare in proper form for 2019 the company's: (1) income statement. (2) retained earnings statement (3) ending balance sheet, and (4) closing entries in its general journal